Rhumbline Advisers Acquires 4,238 Shares of Yelp Inc. (NYSE:YELP)

Rhumbline Advisers lifted its stake in Yelp Inc. (NYSE:YELP) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,526 shares of the local business review company’s stock after buying an additional 4,238 shares during the period. Rhumbline Advisers owned approximately 0.28% of Yelp worth $7,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Avion Wealth increased its stake in shares of Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Yelp by 76.5% in the fourth 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 during the last quarter. Signaturefd LLC boosted its stake in shares of Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Yelp during the 3rd quarter valued at approximately $54,000. Finally, GAMMA Investing LLC increased its position in Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock worth $66,000 after purchasing an additional 741 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $38.05, for a total value of $38,050.00. Following the transaction, the insider now owns 184,558 shares of the company’s stock, valued at approximately $7,022,431.90. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the transaction, the chief financial officer now directly owns 201,988 shares in the company, valued at approximately $8,022,963.36. The trade was a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,256 shares of company stock valued at $2,120,559. Company insiders own 7.40% of the company’s stock.

Yelp Trading Down 2.2 %

YELP stock opened at $34.56 on Wednesday. The firm has a market cap of $2.27 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33. The stock has a 50-day moving average price of $39.00 and a 200-day moving average price of $36.65. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $41.72.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The company had revenue of $361.95 million for 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, analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on YELP shares. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Robert W. Baird cut their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley raised 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.17.

About Yelp

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.