ProShare Advisors LLC Has $755,000 Stock Holdings in Yelp Inc. (NYSE:YELP)

ProShare Advisors LLC trimmed its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,517 shares of the local business review company's stock after selling 7,901 shares during the quarter. ProShare Advisors LLC's holdings in Yelp were worth $755,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in Yelp by 375.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock worth $51,542,000 after acquiring an additional 1,051,588 shares during the last quarter. LSV Asset Management grew its holdings in Yelp by 163.4% during the 4th quarter. LSV Asset Management now owns 853,867 shares of the local business review company's stock worth $33,045,000 after acquiring an additional 529,667 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Yelp by 16.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company's stock worth $71,424,000 after acquiring an additional 255,775 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Yelp by 70.7% during the 4th quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company's stock worth $23,283,000 after acquiring an additional 249,231 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Yelp in the 4th quarter valued at $7,455,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Yelp Trading Up 0.7%

NYSE YELP traded up $0.26 on Wednesday, hitting $38.72. 562,611 shares of the company were exchanged, compared to its average volume of 736,726. The company has a market cap of $2.47 billion, a PE ratio of 20.17, a PEG ratio of 0.76 and a beta of 0.99. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72. The stock has a fifty day moving average of $36.22 and a 200-day moving average of $37.33.

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, topping the consensus estimate of $0.31 by $0.05. The business had revenue of $358.53 million for the quarter, compared to analyst estimates of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Yelp's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

YELP has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $34.00.

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.