Yelp Inc. (NYSE:YELP) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 650,433 shares of the local business review company's stock after purchasing an additional 9,810 shares during the period. Nuveen Asset Management LLC owned approximately 0.99% of Yelp worth $25,172,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Yelp by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock worth $74,477,000 after purchasing an additional 164,149 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Yelp by 16.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company's stock worth $71,424,000 after purchasing an additional 255,775 shares during the period. Geode Capital Management LLC raised its stake in Yelp by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,774,878 shares of the local business review company's stock worth $68,702,000 after purchasing an additional 15,649 shares during the period. Ameriprise Financial Inc. raised its stake in Yelp by 375.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock worth $51,542,000 after purchasing an additional 1,051,588 shares during the period. Finally, LSV Asset Management raised its stake in shares of Yelp by 163.4% in the 4th quarter. LSV Asset Management now owns 853,867 shares of the local business review company's stock valued at $33,045,000 after acquiring an additional 529,667 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Carmen Amara sold 1,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the sale, the insider now owns 107,207 shares in the company, valued at approximately $3,554,984.12. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $36.34, for a total transaction of $36,340.00. Following the sale, the insider now owns 223,512 shares of the company's stock, valued at $8,122,426.08. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,828 shares of company stock worth $2,118,690. Corporate insiders own 8.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley lowered their price target on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Yelp has a consensus rating of "Hold" and a consensus target price of $34.00.

Yelp Trading Up 0.2%

NYSE:YELP traded up $0.09 during trading hours on Wednesday, hitting $38.55. The company's stock had a trading volume of 61,397 shares, compared to its average volume of 734,782. The stock has a fifty day moving average of $36.22 and a 200-day moving average of $37.33. Yelp Inc. has a 52-week low of $32.29 and a 52-week high of $41.72. The stock has a market capitalization of $2.46 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99.

Yelp (NYSE:YELP - Get Free Report) last issued its 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. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The business had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. During the same quarter in the prior year, the business posted $0.20 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current 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.