Yelp Inc. (NYSE:YELP) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lessened its stake in Yelp Inc. (NYSE:YELP - Free Report) by 95.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,265 shares of the local business review company's stock after selling 47,740 shares during the period. Point72 Hong Kong Ltd's holdings in Yelp were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after buying an additional 288 shares in the last quarter. Avion Wealth lifted its position in Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after acquiring an additional 864 shares during the last quarter. Fifth Third Bancorp boosted its stake in Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after acquiring an additional 474 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Yelp by 16.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after purchasing an additional 263 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Yelp by 445.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after purchasing an additional 1,683 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Yelp Stock Down 1.6%

Shares of YELP traded down $0.62 during trading hours on Wednesday, reaching $37.98. 1,064,383 shares of the company traded hands, compared to its average volume of 792,479. Yelp Inc. has a 12-month low of $32.28 and a 12-month high of $41.72. The stock has a market capitalization of $2.47 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.76 and a beta of 0.99. The business has a fifty day moving average price of $35.96 and a 200-day moving average price of $37.25.

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

Analyst Upgrades and Downgrades

YELP has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley decreased their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Yelp currently has an average rating of "Hold" and an average price target of $34.00.

Insider Buying and Selling at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $34.45, for a total value of $34,450.00. Following the completion of the transaction, the insider now owns 222,512 shares in the company, valued at $7,665,538.40. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Sam Eaton sold 21,989 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the transaction, the chief technology officer now owns 153,159 shares in the company, valued at $5,467,776.30. This represents a 12.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,727 shares of company stock valued at $2,025,717. 8.00% of the stock is owned by company insiders.

About Yelp

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.