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Kesler Norman & Wride LLC Invests $956,000 in Yelp Inc. (NYSE:YELP)

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Kesler Norman & Wride LLC bought a new stake in Yelp Inc. (NYSE:YELP - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 25,806 shares of the local business review company's stock, valued at approximately $956,000.

Several other institutional investors also recently bought and sold shares of YELP. Farther Finance Advisors LLC lifted its stake in 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 worth $42,000 after purchasing an additional 827 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in Yelp in the fourth quarter valued at approximately $63,000. Fifth Third Bancorp lifted its stake in Yelp by 57.7% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock valued at $64,000 after buying an additional 631 shares during the last quarter. Parallel Advisors LLC lifted its stake in Yelp by 78.3% in the first quarter. Parallel Advisors LLC now owns 2,585 shares of the local business review company's stock valued at $96,000 after buying an additional 1,135 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Yelp in the first quarter valued at approximately $203,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Dan Jedda sold 2,794 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $35.68, for a total value of $99,689.92. Following the transaction, the director directly owned 18,564 shares in the company, valued at $662,363.52. This trade represents a 13.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $34.34, for a total value of $34,340.00. Following the sale, the insider owned 213,720 shares in the company, valued at approximately $7,339,144.80. The trade was a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,345 shares of company stock worth $2,147,176. Corporate insiders own 8.00% of the company's stock.

Yelp Stock Performance

NYSE YELP traded down $0.97 during trading hours on Friday, hitting $34.14. 562,890 shares of the company's stock were exchanged, compared to its average volume of 767,456. The business's 50 day moving average is $36.47 and its 200-day moving average is $36.79. Yelp Inc. has a 12-month low of $32.29 and a 12-month high of $41.72. The firm has a market capitalization of $2.18 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 0.83 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

YELP has been the subject of several analyst reports. Morgan Stanley cut their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Yelp has a consensus rating of "Hold" and a consensus target price of $34.00.

Check Out Our Latest Analysis on Yelp

About Yelp

(Free Report)

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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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