Yelp Inc. (NYSE:YELP) Position Boosted by Bristlecone Advisors LLC

Key Points

• Bristlecone Advisors LLC increased its stake in Yelp Inc. by 30.4%, now owning 40,325 shares valued at about $1.49 million.
• In the first quarter, other significant investors like Farther Finance Advisors LLC and Fifth Third Bancorp also boosted their stakes significantly by 307.4% and 57.7%, respectively.
• Yelp's most recent earnings report reflected an EPS of $0.67, exceeding estimates, with a revenue increase of 3.7% year-over-year.

Bristlecone Advisors LLC boosted its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 30.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,325 shares of the local business review company's stock after acquiring an additional 9,393 shares during the period. Bristlecone Advisors LLC owned about 0.06% of Yelp worth $1,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YELP. Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 1,051,588 shares during the last quarter. LSV Asset Management boosted its stake in shares of Yelp by 122.8% during the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company's stock worth $70,443,000 after purchasing an additional 1,048,451 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Yelp by 1,620.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 204,587 shares of the local business review company's stock worth $7,576,000 after purchasing an additional 192,696 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Yelp by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock worth $74,477,000 after purchasing an additional 164,149 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Yelp during the 1st quarter worth about $5,134,000. Institutional investors and hedge funds own 90.11% of the company's stock.

Yelp Stock Performance

Shares of YELP traded down $0.61 during midday trading on Monday, hitting $30.42. 1,597,698 shares of the stock traded hands, compared to its average volume of 827,864. Yelp Inc. has a 1-year low of $29.96 and a 1-year high of $41.72. The firm has a market capitalization of $1.94 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.73 and a beta of 0.97. The business's 50 day moving average price is $34.82 and its two-hundred day moving average price is $36.00.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business had revenue of $370.39 million for the quarter, compared to analysts' expectations of $365.71 million. During the same period in the previous year, the business earned $0.54 earnings per share. The company's revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In other Yelp news, CTO Sam Eaton sold 12,904 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $38.18, for a total transaction of $492,674.72. Following the sale, the chief technology officer owned 145,064 shares in the company, valued at approximately $5,538,543.52. The trade was a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carmen Amara sold 6,886 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $38.19, for a total value of $262,976.34. Following the sale, the insider owned 92,253 shares in the company, valued at approximately $3,523,142.07. The trade was a 6.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,345 shares of company stock worth $2,151,656. 7.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on YELP. Bank of America decreased their target price on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday. Morgan Stanley decreased their target price on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. 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 report on Tuesday, April 22nd. Finally, Wall Street Zen cut shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $34.00.

Yelp 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.