GAMMA Investing LLC Buys 44,645 Shares of Yelp Inc. (NYSE:YELP)

GAMMA Investing LLC grew its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 2,600.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,362 shares of the local business review company's stock after acquiring an additional 44,645 shares during the quarter. GAMMA Investing LLC owned 0.07% of Yelp worth $1,717,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after buying an additional 288 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of Yelp during the fourth quarter worth about $63,000. Asset Management One Co. Ltd. grew its holdings in shares of Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after buying an additional 263 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Yelp by 445.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock valued at $80,000 after purchasing an additional 1,683 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Yelp during the fourth quarter valued at approximately $207,000. 90.11% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $34.31, for a total transaction of $343,100.00. Following the completion of the sale, the chief financial officer now directly owns 239,112 shares of the company's stock, valued at approximately $8,203,932.72. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Sam Eaton sold 12,904 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $38.18, for a total value of $492,674.72. Following the transaction, the chief technology officer now owns 145,064 shares in the company, valued at approximately $5,538,543.52. This trade represents a 8.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,551 shares of company stock valued at $1,692,686 over the last three months. Insiders own 8.00% of the company's stock.

Yelp Trading Up 1.1%

Shares of YELP traded up $0.39 during mid-day trading on Monday, reaching $35.80. The company's stock had a trading volume of 69,201 shares, compared to its average volume of 749,143. Yelp Inc. has a 1-year low of $32.29 and a 1-year high of $41.72. The stock has a market cap of $2.29 billion, a P/E ratio of 18.65, a PEG ratio of 0.76 and a beta of 1.02. The business has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average of $37.37.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The company had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. During the same period last year, the firm posted $0.20 earnings per share. The business's revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on YELP shares. Wall Street Zen raised Yelp from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Morgan Stanley reduced their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $34.00.

Yelp Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.