Invesco Ltd. raised its position in Yelp Inc. (NYSE:YELP - Free Report) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 329,889 shares of the local business review company's stock after buying an additional 39,736 shares during the period. Invesco Ltd. owned about 0.50% of Yelp worth $12,767,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of YELP. Allworth Financial LP increased its holdings in Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth increased its stake in shares of Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after purchasing an additional 864 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after purchasing an additional 474 shares during the last quarter. GAMMA Investing LLC lifted its stake in Yelp by 75.9% in the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock valued at $66,000 after buying an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after buying an additional 263 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.
Yelp Trading Up 0.9 %
Yelp stock traded up $0.31 during mid-day trading on Friday, hitting $35.44. The company's stock had a trading volume of 447,001 shares, compared to its average volume of 739,884. The stock's fifty day moving average is $35.11 and its two-hundred day moving average is $36.86. The firm has a market capitalization of $2.30 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72.
Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, equities analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.
Insider Activity at Yelp
In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the sale, the chief financial officer now owns 242,916 shares of the company's stock, valued at $8,453,476.80. This trade represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Sam Eaton sold 21,989 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the transaction, the chief technology officer now owns 153,159 shares of the company's stock, valued at $5,467,776.30. This trade represents a 12.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,727 shares of company stock worth $2,025,717. Corporate insiders own 7.40% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on YELP. JPMorgan Chase & Co. dropped their target price on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday. Morgan Stanley lowered their price target 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.33.
Get Our Latest Stock Analysis on Yelp
About Yelp
(
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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