UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 49,988 Shares of Yelp Inc. (NYSE:YELP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 32.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,341 shares of the local business review company's stock after acquiring an additional 49,988 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Yelp worth $7,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 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 valued at $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth increased its position in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after purchasing an additional 864 shares during the period. Fifth Third Bancorp grew its position 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 worth $42,000 after buying an additional 474 shares during the period. Asset Management One Co. Ltd. boosted its stake in Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after purchasing an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Yelp by 445.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after purchasing an additional 1,683 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction on Monday, March 24th. The stock was sold at an average price of $36.34, for a total transaction of $36,340.00. Following the sale, the insider now directly owns 223,512 shares in the company, valued at approximately $8,122,426.08. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Carmen Amara sold 11,238 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $35.00, for a total value of $393,330.00. Following the completion of the sale, the insider now directly owns 108,123 shares of the company's stock, valued at $3,784,305. This represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,789 shares of company stock valued at $2,086,016 over the last 90 days. 8.00% of the stock is owned by company insiders.

Yelp Price Performance

YELP traded down $0.67 during trading hours on Thursday, hitting $36.78. 1,122,201 shares of the stock were exchanged, compared to its average volume of 742,390. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth 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 50-day simple moving average of $36.30 and a 200-day simple moving average of $37.37.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. Sell-side analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on YELP shares. JPMorgan Chase & Co. decreased their target price on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Two 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.