Jacobs Levy Equity Management Inc. Has $18.18 Million Position in Yelp Inc. $YELP

Key Points

• Jacobs Levy Equity Management Inc. has decreased its stake in Yelp Inc. by 4.2% during the first quarter, now owning approximately 0.75% of the company, valued at about $18.2 million.
• Several other large investors, including Hancock Whitney Corp and Royal Bank of Canada, have increased their stakes in Yelp, reflecting ongoing interest from institutional investors.
• Yelp recently reported a quarterly earnings per share (EPS) of $0.67, exceeding analysts' expectations and showing a 3.7% increase in revenue year-over-year.

Jacobs Levy Equity Management Inc. trimmed its position in Yelp Inc. (NYSE:YELP - Free Report) by 4.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 490,859 shares of the local business review company's stock after selling 21,402 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.75% of Yelp worth $18,177,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming lifted its position in Yelp by 3.5% in the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after purchasing an additional 307 shares during the period. Hancock Whitney Corp lifted its holdings in shares of Yelp by 7.4% in the first quarter. Hancock Whitney Corp now owns 6,986 shares of the local business review company's stock valued at $259,000 after buying an additional 480 shares during the period. Signaturefd LLC lifted its holdings in Yelp by 47.3% in the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock valued at $72,000 after acquiring an additional 622 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Yelp by 57.7% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock valued at $64,000 after acquiring an additional 631 shares during the last quarter. Finally, Pinnacle Holdings LLC lifted its holdings in Yelp by 2.1% in the 1st quarter. Pinnacle Holdings LLC now owns 34,649 shares of the local business review company's stock valued at $1,283,000 after acquiring an additional 698 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Carmen Amara sold 1,500 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $48,495.00. Following the completion of the sale, the insider directly owned 85,566 shares in the company, valued at approximately $2,766,348.78. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $31.43, for a total transaction of $314,300.00. Following the transaction, the chief financial officer directly owned 180,196 shares of the company's stock, valued at approximately $5,663,560.28. This represents a 5.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,494 shares of company stock valued at $1,305,389 in the last three months. 8.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America cut their price objective on Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, August 8th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $34.00.

Yelp Stock Performance

Shares of YELP stock traded down $0.57 during trading on Friday, hitting $31.17. 225,384 shares of the company were exchanged, compared to its average volume of 814,882. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.78 and a beta of 1.03. The business's 50-day simple moving average is $33.00 and its 200 day simple moving average is $34.84. Yelp Inc. has a twelve month low of $29.96 and a twelve month high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company had revenue of $370.39 million during the quarter, compared to analyst estimates of $365.71 million. During the same quarter last year, the business posted $0.54 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

About Yelp

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.