Integrated Advisors Network LLC Makes New $336,000 Investment in Yelp Inc. (NYSE:YELP)

Integrated Advisors Network LLC purchased a new position in shares of Yelp Inc. (NYSE:YELP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,080 shares of the local business review company's stock, valued at approximately $336,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its holdings in Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after buying an additional 288 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Yelp by 307.4% during the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock valued at $42,000 after acquiring an additional 827 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Yelp during the fourth quarter valued at $63,000. Asset Management One Co. Ltd. increased its position in Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after purchasing an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Yelp by 445.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after purchasing an additional 1,683 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Yelp news, insider Carmen Amara sold 2,300 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $37.63, for a total transaction of $86,549.00. Following the sale, the insider now owns 99,139 shares in the company, valued at $3,730,600.57. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Sam Eaton sold 12,904 shares of Yelp stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 145,064 shares of the company's stock, valued at approximately $5,538,543.52. The trade was a 8.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,345 shares of company stock worth $2,149,176. Insiders own 7.40% of the company's stock.

Yelp Stock Down 1.6%

Shares of YELP traded down $0.58 during mid-day trading on Wednesday, reaching $34.83. 553,483 shares of the stock traded hands, compared to its average volume of 753,186. The stock has a fifty day simple moving average of $36.42 and a 200 day simple moving average of $37.34. Yelp Inc. has a 12-month low of $32.29 and a 12-month high of $41.72. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 0.84 and a beta of 1.02.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The company had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. During the same period in the prior year, the company posted $0.20 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

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.