Robeco Institutional Asset Management B.V. Grows Position in Yelp Inc. (NYSE:YELP)

Robeco Institutional Asset Management B.V. increased its position in Yelp Inc. (NYSE:YELP - Free Report) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 355,748 shares of the local business review company's stock after purchasing an additional 20,786 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.55% of Yelp worth $13,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock valued at $42,000 after buying an additional 827 shares in the last quarter. McIlrath & Eck LLC bought a new position in Yelp during the 4th quarter valued at approximately $63,000. Fifth Third Bancorp increased its position in Yelp by 57.7% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock valued at $64,000 after buying an additional 631 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Yelp by 445.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock valued at $80,000 after buying an additional 1,683 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Yelp by 78.3% during the 1st quarter. Parallel Advisors LLC now owns 2,585 shares of the local business review company's stock valued at $96,000 after buying an additional 1,135 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Insider Buying and Selling

In related news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $34.45, for a total value of $34,450.00. Following the completion of the sale, the insider now owns 222,512 shares of the company's stock, valued at $7,665,538.40. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Monday, April 14th. The stock was sold at an average price of $34.31, for a total value of $343,100.00. Following the completion of the sale, the chief financial officer now directly owns 239,112 shares of the company's stock, valued at $8,203,932.72. The trade was a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,345 shares of company stock valued at $2,147,176 over the last 90 days. Company insiders own 8.00% of the company's stock.

Yelp Trading Up 0.6%

Yelp stock opened at $34.38 on Friday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 0.81 and a beta of 1.02. The stock has a fifty day simple moving average of $36.48 and a two-hundred day simple moving average of $37.07. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Yelp had a return on equity of 19.42% and a net margin of 9.95%. The company had revenue of $358.53 million during the quarter, compared to analyst estimates of $353.48 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. Yelp's revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on YELP shares. Morgan Stanley reduced their price objective on 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. reduced their target price on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.

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