State of Tennessee Department of Treasury Buys 16,496 Shares of Yelp Inc. (NYSE:YELP)

State of Tennessee Department of Treasury raised its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,356 shares of the local business review company's stock after buying an additional 16,496 shares during the quarter. State of Tennessee Department of Treasury owned about 0.09% of Yelp worth $2,258,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of YELP. Allworth Financial LP raised its stake in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after purchasing an additional 288 shares in the last quarter. Avion Wealth increased its position in Yelp by 1,963.6% in the 4th 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 in the last quarter. Fifth Third Bancorp grew its position in shares of Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after buying an additional 474 shares during the period. GAMMA Investing LLC grew its position in shares of Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock worth $66,000 after buying an additional 741 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after buying an additional 263 shares during the period. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Yelp Trading Up 0.5 %

NYSE YELP opened at $35.59 on Tuesday. The firm's fifty day moving average price is $35.06 and its two-hundred day moving average price is $36.91. The firm has a market capitalization of $2.31 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.09. The firm had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In other Yelp news, insider Carmen Amara sold 11,238 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $393,330.00. Following the sale, the insider now owns 108,123 shares of the company's stock, valued at approximately $3,784,305. The trade was a 9.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Sam Eaton sold 21,989 shares of the business'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 sale, the chief technology officer now directly owns 153,159 shares in the company, valued at approximately $5,467,776.30. The trade was 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 worth $2,025,717. Corporate insiders own 7.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on YELP. JPMorgan Chase & Co. decreased their price objective 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 cut their price target on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $36.33.

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.

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