Louisiana State Employees Retirement System Purchases Shares of 34,300 Yelp Inc. (NYSE:YELP)

Louisiana State Employees Retirement System acquired a new position in shares of Yelp Inc. (NYSE:YELP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,300 shares of the local business review company's stock, valued at approximately $1,624,000. Louisiana State Employees Retirement System owned approximately 0.05% of Yelp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AlphaQ Advisors LLC purchased a new position in shares of Yelp during the fourth quarter worth about $283,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Yelp by 221.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,112 shares of the local business review company's stock worth $573,000 after purchasing an additional 8,342 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Yelp by 4,634.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company's stock worth $58,000 after purchasing an additional 1,205 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Yelp by 7.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,943 shares of the local business review company's stock worth $4,069,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Yelp by 2.6% during the fourth quarter. Quent Capital LLC now owns 39,200 shares of the local business review company's stock worth $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Yelp Trading Down 0.3 %

YELP stock traded down $0.12 during midday trading on Friday, hitting $39.29. The company had a trading volume of 637,174 shares, compared to its average volume of 637,778. Yelp Inc. has a 52 week low of $26.53 and a 52 week high of $48.99. The stock's 50 day moving average price is $39.13 and its 200 day moving average price is $42.58. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 29.10 and a beta of 1.49.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The firm had revenue of $342.38 million during the quarter, compared to the consensus estimate of $341.83 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business's revenue was up 10.8% on a year-over-year basis. Analysts predict that Yelp Inc. will post 1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 24th. Raymond James assumed coverage on Yelp in a research note on Wednesday, March 27th. They issued a "market perform" rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.75.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 2,750 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the sale, the chief financial officer now owns 258,848 shares in the company, valued at $10,516,994.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO David A. Schwarzbach sold 2,750 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the completion of the transaction, the chief financial officer now owns 258,848 shares in the company, valued at $10,516,994.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Joseph R. Nachman sold 6,000 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $38.83, for a total value of $232,980.00. Following the transaction, the chief operating officer now owns 312,502 shares of the company's stock, valued at approximately $12,134,452.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,750 shares of company stock worth $613,213. 7.20% of the stock is currently owned by insiders.

Yelp 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.