18,189 Shares in Yelp Inc. (NYSE:YELP) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Yelp Inc. (NYSE:YELP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,189 shares of the local business review company’s stock, valued at approximately $704,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of Yelp by 87.0% during 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 acquiring an additional 236,400 shares in the last quarter. Barclays PLC boosted its position in shares of Yelp by 347.9% during the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after acquiring an additional 124,561 shares in the last quarter. Ellsworth Advisors LLC bought a new position in Yelp during the 4th quarter valued at about $4,279,000. Bridgewater Associates LP lifted its holdings in Yelp by 136.5% during the 3rd quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock valued at $6,371,000 after purchasing an additional 104,839 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Yelp during the 3rd quarter valued at about $2,859,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Yelp

In other news, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the sale, the insider now owns 182,558 shares in the company, valued at approximately $7,010,227.20. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.72, for a total transaction of $397,200.00. Following the completion of the sale, the chief financial officer now owns 201,988 shares of the company’s stock, valued at $8,022,963.36. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,489 shares of company stock valued at $2,087,187. Corporate insiders own 7.40% of the company’s stock.

Yelp Stock Up 3.4 %

Shares of YELP stock opened at $35.11 on Friday. The firm has a fifty day moving average of $38.27 and a 200-day moving average of $36.65. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The business had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, equities analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on YELP shares. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Yelp 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.