Charles Schwab Investment Management Inc. lessened its position in Yelp Inc. (NYSE:YELP - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 1.72% of Yelp worth $41,473,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of YELP. Farther Finance Advisors LLC increased its holdings in Yelp by 307.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock worth $42,000 after purchasing an additional 827 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Yelp in the first quarter valued at about $52,000. McIlrath & Eck LLC acquired a new stake in shares of Yelp in the fourth quarter valued at about $63,000. Fifth Third Bancorp increased its stake in shares of Yelp by 57.7% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock valued at $64,000 after buying an additional 631 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Yelp by 47.3% in the first quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock valued at $72,000 after buying an additional 622 shares during the period. Institutional investors and hedge funds own 90.11% of the company's stock.
Yelp Trading Down 0.0%
Shares of YELP traded down $0.0010 on Wednesday, reaching $30.9990. 909,882 shares of the company's stock traded hands, compared to its average volume of 816,223. The stock has a market cap of $1.95 billion, a PE ratio of 14.03, a PEG ratio of 0.79 and a beta of 0.97. The stock's 50 day simple moving average is $34.10 and its two-hundred day simple moving average is $35.63. Yelp Inc. has a 52-week low of $29.96 and a 52-week high of $41.72.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. The company had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.Yelp's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.
Insider Activity at Yelp
In related news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $34.68, for a total transaction of $346,800.00. Following the completion of the sale, the chief financial officer directly owned 199,654 shares of the company's stock, valued at approximately $6,924,000.72. This trade represents a 4.77% 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 6,886 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $38.19, for a total value of $262,976.34. Following the sale, the insider directly owned 92,253 shares of the company's stock, valued at $3,523,142.07. The trade was a 6.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,345 shares of company stock valued at $2,151,656 in the last ninety days. Insiders own 7.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on YELP shares. 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. Wall Street Zen cut Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Bank of America decreased their target price on Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, August 8th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $34.00.
Read Our Latest Report on YELP
Yelp Company Profile
(
Free Report)
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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