372,977 Shares in Yelp Inc. $YELP Bought by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $13.81 million in Yelp Inc., acquiring 372,977 shares, representing about 0.57% of the company's stock.
• Multiple institutional investors have increased their stakes in Yelp, with Allspring Global Investments boosting their holdings by 272.5% during the first quarter.
• Yelp recently reported earnings of $0.67 per share for the last quarter, exceeding analysts' expectations of $0.48, alongside a revenue of $370.39 million.

Nuveen LLC purchased a new position in Yelp Inc. (NYSE:YELP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 372,977 shares of the local business review company's stock, valued at approximately $13,811,000. Nuveen LLC owned approximately 0.57% of Yelp as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YELP. Principal Financial Group Inc. boosted its holdings in Yelp by 2.2% in 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 acquiring an additional 8,239 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Yelp by 8.3% during the fourth quarter. Northern Trust Corp now owns 752,742 shares of the local business review company's stock valued at $29,131,000 after acquiring an additional 57,610 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in shares of Yelp in the 1st quarter worth about $2,766,000. Jefferies Financial Group Inc. boosted its stake in Yelp by 169.1% in the 1st quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company's stock worth $617,000 after purchasing an additional 10,471 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Yelp by 272.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company's stock valued at $2,160,000 after purchasing an additional 41,400 shares during the last quarter. Institutional investors own 90.11% of the company's stock.

Insider Buying and Selling at Yelp

In other news, insider Carmen Amara sold 6,886 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $38.19, for a total transaction of $262,976.34. Following the completion of the sale, the insider owned 92,253 shares of the company's stock, valued at $3,523,142.07. The trade was a 6.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dan Jedda sold 2,794 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $35.68, for a total value of $99,689.92. Following the completion of the sale, the director owned 18,564 shares of the company's stock, valued at $662,363.52. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,141 shares of company stock valued at $1,534,902. 8.00% of the stock is owned by corporate insiders.

Yelp Price Performance

Yelp stock traded up $1.2370 during midday trading on Friday, reaching $32.4570. 1,160,451 shares of the company traded hands, compared to its average volume of 988,073. Yelp Inc. has a 12 month low of $29.96 and a 12 month high of $41.72. The business has a 50 day moving average of $33.84 and a two-hundred day moving average of $35.46. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97.

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

Analyst Ratings Changes

Several research analysts have issued reports on YELP shares. Bank of America decreased their target price on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, August 8th. Wall Street Zen downgraded shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target 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.