Voloridge Investment Management LLC Decreases Stock Position in Yelp Inc. (NYSE:YELP)

Voloridge Investment Management LLC lessened its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 526,434 shares of the local business review company's stock after selling 112,017 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.80% of Yelp worth $20,373,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $36.34, for a total value of $36,340.00. Following the sale, the insider now directly owns 223,512 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the sale, the insider now directly owns 107,207 shares in the company, valued at approximately $3,554,984.12. The trade was a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,828 shares of company stock valued at $2,118,690. Company insiders own 8.00% of the company's stock.

Yelp Stock Up 0.4%

Shares of NYSE:YELP traded up $0.16 during trading on Wednesday, hitting $38.62. The stock had a trading volume of 146,040 shares, compared to its average volume of 735,107. 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 $2.47 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The stock has a 50-day simple moving average of $36.22 and a two-hundred day simple moving average of $37.33.

Yelp (NYSE:YELP - Get Free Report) last posted 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 firm had revenue of $358.53 million for 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%. Yelp's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. As a group, sell-side analysts forecast that Yelp Inc. will post 2.22 earnings per share 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.