Algert Global LLC Sells 16,540 Shares of Yelp Inc. (NYSE:YELP)

Algert Global LLC decreased its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,537 shares of the local business review company's stock after selling 16,540 shares during the period. Algert Global LLC owned approximately 0.28% of Yelp worth $7,258,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in YELP. Allworth Financial LP raised 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 worth $25,000 after acquiring an additional 288 shares during the last quarter. Avion Wealth raised its stake in shares of Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after purchasing an additional 474 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Yelp by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock valued at $66,000 after purchasing an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after buying an additional 263 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Trading Up 8.6 %

Shares of YELP stock traded up $3.06 during trading hours on Friday, hitting $38.80. 1,417,343 shares of the company were exchanged, compared to its average volume of 742,887. The stock has a market capitalization 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 firm has a fifty day simple moving average of $35.14 and a 200 day simple moving average of $36.92. Yelp Inc. has a 52-week low of $32.29 and a 52-week high of $41.72.

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

Insider Activity at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.75, for a total transaction of $35,750.00. Following the sale, the insider now directly owns 211,558 shares in the company, valued at approximately $7,563,198.50. The trade was a 0.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the transaction, the insider now owns 107,207 shares of the company's stock, valued at approximately $3,554,984.12. This represents a 1.38 % 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 worth $2,025,717. Corporate insiders own 7.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on YELP. Morgan Stanley dropped their price objective on 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 target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.33.

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.