Yelp Inc. $YELP Shares Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Yelp Inc. by 47% during the first quarter, owning approximately 47,630 shares valued at $1.76 million.
• Several hedge funds, including LSV Asset Management and Ameriprise Financial, significantly boosted their holdings in Yelp, indicating strong institutional interest with 90.11% of shares now owned by institutional investors.
• Yelp reported a quarterly EPS of $0.67, exceeding estimates, and is projecting an FY 2025 EPS of $2.22, with a current average target price of $34.00 from analysts.

OMERS ADMINISTRATION Corp boosted its stake in Yelp Inc. (NYSE:YELP - Free Report) by 47.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 47,630 shares of the local business review company's stock after purchasing an additional 15,230 shares during the period. OMERS ADMINISTRATION Corp owned about 0.07% of Yelp worth $1,764,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Yelp by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company's stock valued at $13,869,000 after purchasing an additional 8,239 shares during the last quarter. Northern Trust Corp boosted its position in Yelp by 8.3% in the 4th quarter. Northern Trust Corp now owns 752,742 shares of the local business review company's stock valued at $29,131,000 after buying an additional 57,610 shares during the period. Jump Financial LLC acquired a new position in shares of Yelp in the first quarter worth $1,945,000. Elevate Capital Advisors LLC acquired a new position in shares of Yelp in the first quarter worth $2,766,000. Finally, Jefferies Financial Group Inc. grew its stake in shares of Yelp by 169.1% in the first quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company's stock worth $617,000 after acquiring an additional 10,471 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

Yelp Stock Up 0.5%

YELP traded up $0.17 on Thursday, reaching $31.69. The company had a trading volume of 284,447 shares, compared to its average volume of 817,379. Yelp Inc. has a 1 year low of $29.96 and a 1 year high of $41.72. The stock has a market capitalization of $2.00 billion, a PE ratio of 14.34, a P/E/G ratio of 0.80 and a beta of 1.03. The stock has a 50-day moving average price of $33.36 and a 200-day moving average price of $35.05.

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

Insider Buying and Selling at Yelp

In other news, Director Dan Jedda sold 2,794 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $35.68, for a total transaction of $99,689.92. Following the transaction, the director directly owned 18,564 shares in the company, valued at $662,363.52. The trade was a 13.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Carmen Amara sold 1,500 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.33, for a total transaction of $48,495.00. Following the transaction, the insider owned 85,566 shares in the company, valued at approximately $2,766,348.78. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,294 shares of company stock valued at $1,267,985 over the last ninety days. 7.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on YELP. Wall Street Zen downgraded shares of Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America dropped their price target on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, August 8th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $34.00.

About Yelp

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.