MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Holdings in Yelp Inc. (NYSE:YELP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,870 shares of the local business review company's stock after selling 8,167 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.12% of Yelp worth $2,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of YELP. Allworth Financial LP boosted its holdings in Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after purchasing an additional 288 shares during the period. Avion Wealth raised its stake in Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after buying an additional 864 shares in the last quarter. Fifth Third Bancorp raised its stake in Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after buying an additional 474 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Yelp by 16.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after buying an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Yelp by 445.2% in 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 buying an additional 1,683 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Yelp Price Performance

Shares of YELP traded down $0.64 during midday trading on Friday, reaching $37.41. 497,218 shares of the stock were exchanged, compared to its average volume of 737,713. The business's 50-day moving average price is $36.13 and its 200 day moving average price is $37.30. Yelp Inc. has a twelve month low of $32.29 and a twelve month high of $41.72. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.76 and a beta of 0.99.

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, beating the consensus estimate of $0.31 by $0.05. The firm had revenue of $358.53 million for the quarter, compared to analysts' expectations of $353.48 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. As a group, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total transaction of $348,000.00. Following the transaction, the chief financial officer now owns 242,916 shares in the company, valued at approximately $8,453,476.80. The trade was a 3.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.75, for a total value of $35,750.00. Following the transaction, the insider now owns 211,558 shares in the company, valued at $7,563,198.50. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,642 shares of company stock worth $1,733,385 in the last quarter. Company insiders own 8.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on YELP shares. Morgan Stanley cut their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.