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

OMERS ADMINISTRATION Corp trimmed its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after buying an additional 124,561 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Yelp by 87.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company's stock valued at $19,659,000 after acquiring an additional 236,400 shares in the last quarter. Ellsworth Advisors LLC acquired a new position in Yelp in the fourth quarter valued at approximately $4,279,000. Nisa Investment Advisors LLC boosted its position in Yelp by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company's stock worth $157,000 after purchasing an additional 672 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Yelp by 4.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,083 shares of the local business review company's stock worth $700,000 after purchasing an additional 823 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

YELP has been the subject of several recent research reports. JPMorgan Chase & Co. cut 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. Morgan Stanley dropped 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 issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $34.00.

Insider Buying and Selling at Yelp

In other news, insider Carmen Amara sold 1,500 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the sale, the insider now owns 107,207 shares of the company's stock, valued at $3,554,984.12. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $34.45, for a total transaction of $34,450.00. Following the completion of the transaction, the insider now directly owns 222,512 shares in the company, valued at approximately $7,665,538.40. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,727 shares of company stock valued at $2,025,717 over the last quarter. 8.00% of the stock is currently owned by insiders.

Yelp Trading Up 0.3%

YELP traded up $0.10 during midday trading on Thursday, hitting $38.12. 168,125 shares of the company traded hands, compared to its average volume of 735,307. The business has a 50 day simple moving average of $36.02 and a two-hundred day simple moving average of $37.26. Yelp Inc. has a 52-week low of $32.29 and a 52-week high of $41.72. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.76 and a beta of 0.99.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. Equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

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.