Bank of Montreal Can Sells 96,467 Shares of Yelp Inc. (NYSE:YELP)

Bank of Montreal Can reduced its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 90.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,949 shares of the local business review company's stock after selling 96,467 shares during the quarter. Bank of Montreal Can's holdings in Yelp were worth $385,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of YELP. Arrowstreet Capital Limited Partnership raised its stake in Yelp by 16.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company's stock valued at $71,424,000 after purchasing an additional 255,775 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Yelp by 70.7% in the 4th quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company's stock valued at $23,283,000 after buying an additional 249,231 shares during the period. Assenagon Asset Management S.A. increased its holdings in Yelp by 87.0% in the 4th 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 buying an additional 236,400 shares during the period. Norges Bank bought a new stake in Yelp in the 4th quarter valued at $7,455,000. Finally, Trexquant Investment LP increased its holdings in Yelp by 609.5% in the 4th quarter. Trexquant Investment LP now owns 159,157 shares of the local business review company's stock valued at $6,159,000 after buying an additional 136,724 shares during the period. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley lowered their price target on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Yelp has a consensus rating of "Hold" and a consensus target price of $36.33.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $34.31, for a total transaction of $343,100.00. Following the completion of the sale, the chief financial officer now owns 239,112 shares in the company, valued at approximately $8,203,932.72. The trade was a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $36.34, for a total transaction of $36,340.00. Following the sale, the insider now owns 223,512 shares of the company's stock, valued at $8,122,426.08. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,727 shares of company stock worth $2,025,717. Company insiders own 7.40% of the company's stock.

Yelp Stock Up 0.5 %

NYSE:YELP traded up $0.16 during mid-day trading on Monday, reaching $35.59. 511,993 shares of the company were exchanged, compared to its average volume of 740,169. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72. The company has a fifty day moving average of $35.06 and a 200 day moving average of $36.91. The stock has a market cap of $2.31 billion, a PE ratio of 18.54, a PEG ratio of 0.76 and a beta of 1.08.

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

Yelp Company 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.