Fisher Asset Management LLC Trims Holdings in Yelp Inc. (NYSE:YELP)

Fisher Asset Management LLC trimmed its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,061,054 shares of the local business review company's stock after selling 213,608 shares during the period. Fisher Asset Management LLC owned 1.55% of Yelp worth $50,230,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of YELP. Daiwa Securities Group Inc. purchased a new stake in shares of Yelp during the fourth quarter worth approximately $43,000. International Assets Investment Management LLC raised its position in shares of Yelp by 4,634.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company's stock valued at $58,000 after buying an additional 1,205 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Yelp by 65.6% in the fourth quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company's stock worth $59,000 after buying an additional 495 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Yelp in the third quarter worth about $134,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Yelp during the third quarter worth about $203,000. Institutional investors and hedge funds own 90.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on YELP shares. Raymond James began coverage on shares of Yelp in a research note on Wednesday, March 27th. They issued a "market perform" rating on the stock. StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Yelp currently has a consensus rating of "Hold" and an average target price of $41.75.

Insider Activity

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

Yelp Trading Down 0.0 %

Yelp stock traded down $0.01 during mid-day trading on Friday, hitting $39.99. The company's stock had a trading volume of 616,590 shares, compared to its average volume of 610,987. Yelp Inc. has a 1 year low of $26.53 and a 1 year high of $48.99. The firm has a market capitalization of $2.73 billion, a PE ratio of 29.62 and a beta of 1.44. The stock's fifty day moving average is $39.19 and its two-hundred day moving average is $42.41.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 period last year, the company earned $0.28 EPS. The company's quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that Yelp Inc. will post 1.53 EPS for the current fiscal year.

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.