Victory Capital Management Inc. Has $6.70 Million Stock Holdings in Yelp Inc. (NYSE:YELP)

Victory Capital Management Inc. boosted its position in Yelp Inc. (NYSE:YELP) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,175 shares of the local business review company’s stock after acquiring an additional 2,035 shares during the quarter. Victory Capital Management Inc. owned 0.26% of Yelp worth $6,702,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its stake in Yelp by 11.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 57,065 shares of the local business review company’s stock worth $2,002,000 after acquiring an additional 5,662 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Yelp during the 3rd quarter valued at approximately $546,000. MQS Management LLC acquired a new position in Yelp during the 3rd quarter worth approximately $318,000. Royce & Associates LP lifted its stake in Yelp by 22.6% in the 3rd quarter. Royce & Associates LP now owns 47,415 shares of the local business review company’s stock valued at $1,663,000 after purchasing an additional 8,727 shares during the last quarter. Finally, Ceera Investments LLC boosted its position in Yelp by 10.0% in the third quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock valued at $6,701,000 after buying an additional 17,420 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Yelp

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the sale, the chief technology officer now owns 153,159 shares of the company’s stock, valued at approximately $5,467,776.30. This represents a 12.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.72, for a total value of $397,200.00. Following the sale, the chief financial officer now owns 201,988 shares of the company’s stock, valued at approximately $8,022,963.36. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,727 shares of company stock worth $2,480,517 over the last ninety days. 7.40% of the stock is owned by insiders.

Yelp Stock Performance

YELP stock opened at $35.04 on Friday. The company has a market capitalization of $2.28 billion, a P/E ratio of 18.25, a PEG ratio of 0.76 and a beta of 1.40. The company has a fifty day moving average price of $37.95 and a 200-day moving average price of $36.64. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $41.72.

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, 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 return on equity of 18.07% and a net margin of 9.41%. As a group, sell-side analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.