Yelp Inc. (NYSE:YELP) Stake Decreased by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Yelp Inc. (NYSE:YELP) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,259 shares of the local business review company’s stock after selling 341 shares during the period. Amalgamated Bank’s holdings in Yelp were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in YELP. Assenagon Asset Management S.A. raised its holdings in shares of Yelp by 87.0% during the fourth 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 last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Yelp by 114.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock valued at $9,794,000 after buying an additional 148,917 shares during the last quarter. Barclays PLC raised its holdings in shares of Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after buying an additional 124,561 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Yelp during the fourth quarter worth approximately $4,279,000. Finally, Bridgewater Associates LP raised its holdings in Yelp by 136.5% during the third quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock worth $6,371,000 after purchasing an additional 104,839 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Insiders Place Their Bets

In other Yelp news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00. Following the transaction, the insider now directly owns 183,558 shares in the company, valued at approximately $6,973,368.42. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total transaction of $395,100.00. Following the transaction, the chief financial officer now owns 191,988 shares in the company, valued at approximately $7,585,445.88. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,989 shares of company stock worth $2,037,447. Corporate insiders own 7.40% of the company’s stock.

Yelp Stock Performance

Yelp stock opened at $33.70 on Wednesday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The firm’s 50 day moving average price is $38.67 and its two-hundred day moving average price is $36.67.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $350.73 million. As a group, equities analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Robert W. Baird dropped 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. 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. Finally, Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.17.

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.