Moran Wealth Management LLC Sells 10,150 Shares of Yelp Inc. $YELP

Key Points

• Moran Wealth Management LLC has sold 10,150 shares of Yelp Inc., reducing its ownership by 7.3%, and now holds a total of 128,498 shares valued at approximately $4.4 million.
• Insider trading activity included CFO David A. Schwarzbach selling 10,000 shares for $312,400, representing a 5.55% decrease in his position.
• Yelp's latest quarterly earnings beat analyst expectations with an EPS of $0.67, surpassing the consensus estimate by $0.19, and its revenue grew by 3.7% year-over-year.

Moran Wealth Management LLC decreased its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,498 shares of the local business review company's stock after selling 10,150 shares during the quarter. Moran Wealth Management LLC owned about 0.20% of Yelp worth $4,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LSV Asset Management increased its holdings in shares of Yelp by 122.8% during the first quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company's stock valued at $70,443,000 after acquiring an additional 1,048,451 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Yelp by 5.4% during the first quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company's stock worth $51,981,000 after buying an additional 71,626 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Yelp by 2.6% during the first quarter. Allianz Asset Management GmbH now owns 555,797 shares of the local business review company's stock worth $20,581,000 after buying an additional 13,943 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Yelp by 2.2% during the first quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company's stock worth $13,869,000 after buying an additional 8,239 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Yelp during the first quarter worth $13,811,000. Institutional investors own 90.11% of the company's stock.

Insider Activity

In other news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $31.24, for a total transaction of $312,400.00. Following the transaction, the chief financial officer owned 170,196 shares of the company's stock, valued at $5,316,923.04. This represents a 5.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carmen Amara sold 1,500 shares of the company'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 transaction, the insider directly owned 85,566 shares in the company, valued at $2,766,348.78. This represents a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,400 shares of company stock valued at $1,211,130 in the last 90 days. Insiders own 7.40% of the company's stock.

Yelp Price Performance

Shares of NYSE:YELP opened at $33.73 on Wednesday. The company has a market capitalization of $2.13 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. The business has a fifty day moving average price of $31.68 and a two-hundred day moving average price of $34.27. Yelp Inc. has a 1 year low of $29.96 and a 1 year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 20.17% and a net margin of 10.28%.The firm had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. During the same quarter in the prior year, the company earned $0.54 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI set a $45.00 price target on Yelp and gave the stock an "outperform" rating in a report on Monday. Wall Street Zen downgraded Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Yelp in a report on Tuesday. Bank of America decreased their price target on Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, August 8th. Finally, The Goldman Sachs Group set a $33.00 price target on Yelp in a report on Tuesday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $35.00.

Yelp Company 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.

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