Charles Schwab Investment Management Inc. Has $41.47 Million Holdings in Yelp Inc. $YELP

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,119,989 shares of the local business review company's stock after selling 21,382 shares during the period. Charles Schwab Investment Management Inc. owned about 1.72% of Yelp worth $41,473,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. State of Wyoming lifted its stake in Yelp by 3.5% in the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock valued at $349,000 after purchasing an additional 307 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Yelp by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company's stock valued at $262,000 after purchasing an additional 341 shares during the last quarter. Signaturefd LLC lifted its stake in Yelp by 47.3% in the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock valued at $72,000 after purchasing an additional 622 shares during the last quarter. Fifth Third Bancorp lifted its stake in Yelp by 57.7% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock valued at $64,000 after purchasing an additional 631 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Yelp by 11.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,119 shares of the local business review company's stock valued at $264,000 after purchasing an additional 728 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Dan Jedda sold 2,794 shares of Yelp stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $35.68, for a total value of $99,689.92. Following the transaction, the director directly owned 18,564 shares of the company's stock, valued at $662,363.52. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $35.23, for a total transaction of $35,230.00. Following the completion of the transaction, the insider directly owned 212,720 shares in the company, valued at $7,494,125.60. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,141 shares of company stock valued at $1,534,902. 8.00% of the stock is owned by insiders.

Yelp Price Performance

Yelp stock traded up $1.1240 during trading hours on Friday, hitting $32.3440. The company had a trading volume of 189,428 shares, compared to its average volume of 814,946. The firm has a market cap of $2.04 billion, a PE ratio of 14.65, a PEG ratio of 0.78 and a beta of 0.97. Yelp Inc. has a one year low of $29.96 and a one year high of $41.72. The firm has a 50-day moving average of $33.90 and a 200 day moving average of $35.54.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company had revenue of $370.39 million for the quarter, compared to analysts' expectations of $365.71 million. During the same period last year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. As a group, research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on YELP shares. Bank of America cut their target price on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Yelp has an average rating of "Reduce" and an average price target of $34.00.

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.