Tidal Investments LLC Makes New Investment in Yelp Inc. (NYSE:YELP)

Tidal Investments LLC purchased a new position in Yelp Inc. (NYSE:YELP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,818 shares of the local business review company's stock, valued at approximately $1,967,000. Tidal Investments LLC owned 0.08% of Yelp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of YELP. Allworth Financial LP grew its stake in Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after purchasing an additional 288 shares during the period. Avion Wealth grew its position in shares of Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after buying an additional 864 shares during the period. Fifth Third Bancorp increased its stake in shares of Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after acquiring an additional 474 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after acquiring an additional 263 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Yelp by 445.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after acquiring an additional 1,683 shares in the last quarter. Institutional investors own 90.11% of the company's stock.

Insider Activity at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the sale, the chief financial officer now directly owns 242,916 shares in the company, valued at approximately $8,453,476.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Sam Eaton sold 12,904 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $38.18, for a total transaction of $492,674.72. Following the transaction, the chief technology officer now directly owns 145,064 shares in the company, valued at approximately $5,538,543.52. The trade was a 8.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,828 shares of company stock valued at $2,084,690. Corporate insiders own 8.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on YELP. Morgan Stanley reduced their price target 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. dropped their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Yelp currently has a consensus rating of "Hold" and an average target price of $34.00.

Yelp Stock Performance

NYSE YELP traded up $1.04 during trading on Tuesday, hitting $38.44. 664,933 shares of the company's stock traded hands, compared to its average volume of 737,422. The business has a 50 day moving average of $36.16 and a 200-day moving average of $37.32. Yelp Inc. has a 12-month low of $32.29 and a 12-month high of $41.72. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 20.02, a PEG 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 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. On average, analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

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.