Yelp Inc. (NYSE:YELP) Stock Position Lifted by Cwm LLC

Cwm LLC raised its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 406.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,322 shares of the local business review company's stock after purchasing an additional 18,718 shares during the period. Cwm LLC's holdings in Yelp were worth $864,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Yelp in the 4th quarter valued at approximately $3,189,000. Natixis Advisors LLC raised its stake in Yelp by 42.6% during the fourth quarter. Natixis Advisors LLC now owns 16,967 shares of the local business review company's stock worth $657,000 after acquiring an additional 5,071 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Yelp during the 4th quarter worth about $234,000. American Century Companies Inc. raised its stake in shares of Yelp by 2.1% in the fourth quarter. American Century Companies Inc. now owns 145,376 shares of the local business review company's stock valued at $5,626,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Yelp by 19.9% in the fourth quarter. Sei Investments Co. now owns 281,917 shares of the local business review company's stock worth $10,910,000 after purchasing an additional 46,847 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on YELP. Wall Street Zen upgraded shares of Yelp from a "buy" rating to a "strong-buy" rating in a report on Friday, July 18th. Morgan Stanley lowered 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Yelp presently has an average rating of "Hold" and an average price target of $34.00.

Insider Transactions at Yelp

In other Yelp news, CTO Sam Eaton sold 12,904 shares of the company'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 sale, the chief technology officer owned 145,064 shares of the company's stock, valued at approximately $5,538,543.52. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $34.68, for a total value of $346,800.00. Following the sale, the chief financial officer directly owned 199,654 shares of the company's stock, valued at $6,924,000.72. This represents a 4.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,345 shares of company stock worth $2,116,426. 7.40% of the stock is currently owned by insiders.

Yelp Stock Up 0.9%

Shares of NYSE:YELP opened at $35.18 on Wednesday. The firm has a market cap of $2.25 billion, a PE ratio of 16.91, a PEG ratio of 0.82 and a beta of 0.98. The company's 50 day moving average price is $36.11 and its two-hundred day moving average price is $36.56. 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 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 company had revenue of $358.53 million for the quarter, compared to analyst estimates of $353.48 million. Yelp had a return on equity of 19.42% and a net margin of 9.95%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. On average, research 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.

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