Proficio Capital Partners LLC Invests $704,000 in Yelp Inc. (NYSE:YELP)

Proficio Capital Partners LLC acquired a new stake in Yelp Inc. (NYSE:YELP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,189 shares of the local business review company’s stock, valued at approximately $704,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after acquiring an additional 263 shares in the last quarter. Allworth Financial LP grew its stake in Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 288 shares during the last quarter. Fifth Third Bancorp grew its stake in Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Yelp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company’s stock worth $157,000 after purchasing an additional 672 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after buying an additional 741 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.99, for a total value 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. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carmen Amara sold 11,238 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.00, for a total value of $393,330.00. Following the completion of the transaction, the insider now directly owns 108,123 shares in the company, valued at approximately $3,784,305. This trade represents a 9.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,727 shares of company stock worth $2,083,317. 7.40% of the stock is owned by insiders.

Yelp Trading Up 0.8 %

NYSE YELP opened at $35.73 on Friday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.76 and a beta of 1.40. The stock has a 50-day moving average of $37.48 and a 200 day moving average of $36.69. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72.

Yelp (NYSE:YELP) last announced its earnings results 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. The business had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. Equities analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley raised their price objective on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Yelp presently has an average 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.