Yelp Inc. (NYSE:YELP) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in Yelp Inc. (NYSE:YELP - Free Report) by 41.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,597 shares of the local business review company's stock after acquiring an additional 83,964 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.44% of Yelp worth $11,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth grew its position in shares of Yelp by 1,963.6% during 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 during the period. Fifth Third Bancorp grew its holdings in Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after purchasing an additional 474 shares during the period. GAMMA Investing LLC lifted its position in shares of Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock worth $66,000 after acquiring an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Yelp by 16.9% in 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 purchasing an additional 263 shares during the period. Institutional investors own 90.11% of the company's stock.

Yelp Stock Performance

Shares of NYSE:YELP traded up $3.06 during midday trading on Friday, reaching $38.80. 1,417,343 shares of the company's stock traded hands, compared to its average volume of 739,536. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 0.76 and a beta of 0.99. The stock has a 50 day moving average of $35.25 and a 200 day moving average of $36.95. Yelp Inc. has a one year low of $32.29 and a one year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 EPS 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 analyst estimates of $353.48 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. Yelp's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Sell-side analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

YELP has been the topic of several recent analyst reports. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. dropped their price objective on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.33.

Insider Buying and Selling

In related news, insider Craig Saldanha sold 1,000 shares of the 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 sale, the insider now owns 222,512 shares in the company, valued at approximately $7,665,538.40. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Sam Eaton sold 21,989 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the transaction, the chief technology officer now directly owns 153,159 shares of the company's stock, valued at $5,467,776.30. This trade represents a 12.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,727 shares of company stock valued at $2,025,717. 7.40% of the stock is owned by corporate 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.