Yelp Inc (YELP) Position Increased by Legal & General Group Plc

Legal & General Group Plc lifted its position in Yelp Inc (NYSE:YELP) by 169.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,918 shares of the local business review company’s stock after buying an additional 52,144 shares during the period. Legal & General Group Plc’s holdings in Yelp were worth $2,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Yelp by 39.8% during the 4th quarter. BlackRock Inc. now owns 10,848,499 shares of the local business review company’s stock worth $379,588,000 after purchasing an additional 3,088,064 shares in the last quarter. Vanguard Group Inc. increased its holdings in Yelp by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,889,974 shares of the local business review company’s stock worth $338,987,000 after purchasing an additional 42,759 shares in the last quarter. Vanguard Group Inc increased its holdings in Yelp by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 6,889,974 shares of the local business review company’s stock worth $338,987,000 after purchasing an additional 42,759 shares in the last quarter. Prescott General Partners LLC increased its holdings in Yelp by 8.0% during the 4th quarter. Prescott General Partners LLC now owns 5,943,732 shares of the local business review company’s stock worth $207,971,000 after purchasing an additional 440,950 shares in the last quarter. Finally, SQN Investors LP increased its holdings in Yelp by 43.3% during the 4th quarter. SQN Investors LP now owns 3,337,931 shares of the local business review company’s stock worth $116,794,000 after purchasing an additional 1,008,338 shares in the last quarter. Institutional investors and hedge funds own 96.61% of the company’s stock.

Shares of NYSE:YELP opened at $35.42 on Tuesday. Yelp Inc has a 52-week low of $29.33 and a 52-week high of $52.50. The stock has a market capitalization of $2.91 billion, a P/E ratio of 78.71, a PEG ratio of 2.78 and a beta of 0.91.

Yelp (NYSE:YELP) last issued its earnings results on Wednesday, February 13th. The local business review company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Yelp had a net margin of 5.87% and a return on equity of 3.67%. The business had revenue of $243.70 million during the quarter, compared to the consensus estimate of $241.11 million. During the same period last year, the business posted $0.19 EPS. Yelp’s revenue was up 11.1% on a year-over-year basis. Equities analysts predict that Yelp Inc will post 0.69 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. Needham & Company LLC assumed coverage on Yelp in a report on Tuesday, January 8th. They set a “hold” rating for the company. ValuEngine cut Yelp from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. KeyCorp assumed coverage on Yelp in a report on Thursday, December 20th. They set a “sector weight” rating and a $33.86 target price for the company. Zacks Investment Research cut Yelp from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Finally, B. Riley raised their price objective on Yelp from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Yelp currently has an average rating of “Hold” and an average target price of $39.52.

In related news, Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $35.84, for a total value of $71,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alan Ramsay sold 19,774 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $38.27, for a total transaction of $756,750.98. Following the completion of the sale, the insider now owns 33,750 shares of the company’s stock, valued at $1,291,612.50. The disclosure for this sale can be found here. Insiders sold a total of 31,902 shares of company stock valued at $1,215,452 over the last quarter. 9.00% of the stock is currently owned by company insiders.

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Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

Read More: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding YELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yelp Inc (NYSE:YELP).

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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