State of Alaska Department of Revenue Has $1.45 Million Stock Position in Yelp Inc. (NYSE:YELP)

State of Alaska Department of Revenue trimmed its stake in shares of Yelp Inc. (NYSE:YELP) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,406 shares of the local business review company’s stock after selling 776 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Yelp worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meritage Portfolio Management boosted its holdings in Yelp by 12.4% during the fourth quarter. Meritage Portfolio Management now owns 16,385 shares of the local business review company’s stock valued at $634,000 after purchasing an additional 1,812 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Yelp by 20.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 334,962 shares of the local business review company’s stock valued at $12,963,000 after purchasing an additional 55,782 shares in the last quarter. KBC Group NV boosted its holdings in shares of Yelp by 53.8% in the 4th quarter. KBC Group NV now owns 2,829 shares of the local business review company’s stock worth $109,000 after acquiring an additional 990 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Yelp by 22.5% in the 4th quarter. Blue Trust Inc. now owns 7,623 shares of the local business review company’s stock worth $295,000 after acquiring an additional 1,402 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after acquiring an additional 474 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Stock Performance

NYSE:YELP opened at $39.68 on Thursday. The stock’s fifty day moving average price is $39.48 and its two-hundred day moving average price is $36.50. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $45.60. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 0.55 and a beta of 1.33.

Insider Buying and Selling at Yelp

In other Yelp news, CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the sale, the chief technology officer now owns 122,480 shares in the company, valued at approximately $4,301,497.60. The trade was a 8.06 % 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 Friday, November 29th. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00. Following the sale, the insider now owns 184,558 shares of the company’s stock, valued at $7,022,431.90. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,011 shares of company stock worth $1,677,131. Insiders own 7.40% of the company’s stock.

Analysts Set New Price Targets

YELP has been the topic of several recent analyst reports. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Robert W. Baird reduced their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley boosted their target price on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned 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 $37.17.

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.