Yelp Inc. (NYSE:YELP) Shares Purchased by Creative Planning

Creative Planning lifted its stake in Yelp Inc. (NYSE:YELP) by 168.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,131 shares of the local business review company’s stock after purchasing an additional 12,008 shares during the quarter. Creative Planning’s holdings in Yelp were worth $671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in shares of Yelp in the first quarter valued at approximately $25,000. Fifth Third Bancorp increased its stake in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after acquiring an additional 481 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Yelp during the second quarter worth $25,000. GAMMA Investing LLC increased its stake in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on YELP shares. Wolfe Research started coverage on Yelp in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley raised their target price on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Bank of America started coverage on Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Finally, StockNews.com lowered Yelp from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Yelp has a consensus rating of “Hold” and an average price target of $37.33.

Yelp Stock Down 0.7 %

YELP opened at $33.91 on Monday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The business has a fifty day simple moving average of $34.21 and a 200-day simple moving average of $35.87. The firm has a market cap of $2.27 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.78 and a beta of 1.33.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.98 million. Yelp had a return on equity of 18.71% and a net margin of 10.01%. Yelp’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Sell-side analysts expect that Yelp Inc. will post 1.69 earnings per share for the current year.

Insider Activity at Yelp

In related news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at approximately $5,080,985. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Yelp news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at $5,080,985. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief operating officer now directly owns 255,558 shares of the company’s stock, valued at $8,694,083.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

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.