OMERS ADMINISTRATION Corp Reduces Position in Yelp Inc. (NYSE:YELP)

OMERS ADMINISTRATION Corp decreased its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,400 shares of the local business review company's stock after selling 24,700 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Yelp were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in shares of Yelp by 8.3% during the 4th quarter. Northern Trust Corp now owns 752,742 shares of the local business review company's stock worth $29,131,000 after purchasing an additional 57,610 shares during the last quarter. Barclays PLC lifted its stake in Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after purchasing an additional 124,561 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in Yelp in the fourth quarter worth $1,197,000. Suncoast Equity Management bought a new position in shares of Yelp during the fourth quarter valued at about $721,000. Finally, Principal Financial Group Inc. increased its position in shares of Yelp by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company's stock valued at $14,176,000 after buying an additional 10,995 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.

Yelp Stock Up 0.1%

NYSE YELP traded up $0.04 on Tuesday, reaching $38.59. The company had a trading volume of 1,110,182 shares, compared to its average volume of 736,171. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72. The stock has a market capitalization of $2.51 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The firm's 50 day moving average price is $35.87 and its 200 day moving average price is $37.24.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The business's revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. On average, research analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Insider Activity at Yelp

In other Yelp news, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the sale, the insider now directly owns 107,207 shares in the company, valued at $3,554,984.12. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Sam Eaton sold 21,989 shares of the firm's stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 153,159 shares of the company's stock, valued at approximately $5,467,776.30. This represents a 12.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,727 shares of company stock worth $2,025,717. Insiders own 8.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. 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, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $34.00.

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.