Yelp Inc. $YELP Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Yelp Inc. by 16.2% in the first quarter, selling 53,338 shares and now holding about 276,551 shares valued at approximately $10.24 million.
• Several institutional investors increased their holdings in Yelp, with Signaturefd LLC boosting its stake by 47.3% and Fifth Third Bancorp by 57.7% during the same period.
• Yelp's recent earnings report showed an EPS of $0.67, exceeding estimates and marking a 3.7% revenue increase year-over-year, despite a downgrade to a "buy" rating from several brokerages.

Invesco Ltd. reduced its position in Yelp Inc. (NYSE:YELP - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,551 shares of the local business review company's stock after selling 53,338 shares during the period. Invesco Ltd. owned approximately 0.43% of Yelp worth $10,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of YELP. State of Wyoming raised its position in shares of Yelp by 3.5% during the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after purchasing an additional 307 shares during the period. Signaturefd LLC boosted its stake in shares of Yelp by 47.3% during the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock worth $72,000 after acquiring an additional 622 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Yelp by 57.7% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock worth $64,000 after acquiring an additional 631 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Yelp by 11.4% in the first quarter. QRG Capital Management Inc. now owns 7,119 shares of the local business review company's stock worth $264,000 after buying an additional 728 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Yelp by 0.5% in the fourth quarter. Voya Investment Management LLC now owns 151,552 shares of the local business review company's stock worth $5,865,000 after buying an additional 782 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.

Insider Buying and Selling at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were 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 approximately $6,924,000.72. This represents a 4.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dan Jedda sold 2,794 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $35.68, for a total transaction of $99,689.92. Following the completion of the transaction, the director directly owned 18,564 shares in the company, valued at approximately $662,363.52. This represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,141 shares of company stock valued at $1,534,902. Corporate insiders own 7.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on YELP. Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America lowered their price target on Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, August 8th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $34.00.

Yelp Price Performance

YELP stock opened at $32.4570 on Monday. The company has a 50 day moving average price of $33.84 and a 200 day moving average price of $35.43. The stock has a market capitalization of $2.05 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. Yelp Inc. has a fifty-two week low of $29.96 and a fifty-two week high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $365.71 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

About Yelp

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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