Lido Advisors LLC Makes New $231,000 Investment in Yelp Inc. (NYSE:YELP)

Lido Advisors LLC purchased a new stake in Yelp Inc. (NYSE:YELP) during the 4th quarter, HoldingsChannel reports. The fund purchased 5,974 shares of the local business review company’s stock, valued at approximately $231,000.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management raised its holdings in Yelp by 163.4% during the 4th quarter. LSV Asset Management now owns 853,867 shares of the local business review company’s stock valued at $33,045,000 after acquiring an additional 529,667 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Yelp by 16.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company’s stock valued at $71,424,000 after purchasing an additional 255,775 shares during the period. JPMorgan Chase & Co. lifted its holdings in Yelp by 70.7% during the 4th quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company’s stock worth $23,283,000 after purchasing an additional 249,231 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Yelp by 87.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company’s stock worth $19,659,000 after purchasing an additional 236,400 shares during the period. Finally, Norges Bank purchased a new position in Yelp during the 4th quarter valued at about $7,455,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares in the company, valued at approximately $5,467,776.30. The trade was a 12.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $34.45, for a total value of $34,450.00. Following the sale, the insider now directly owns 222,512 shares of the company’s stock, valued at approximately $7,665,538.40. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,727 shares of company stock valued at $2,025,717. 7.40% of the stock is currently owned by corporate insiders.

Yelp Stock Performance

Shares of NYSE:YELP opened at $34.70 on Wednesday. The firm has a fifty day moving average of $35.07 and a 200 day moving average of $36.91. Yelp Inc. has a 52-week low of $32.29 and a 52-week high of $41.72. The firm has a market capitalization of $2.26 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.53 by $0.09. The firm had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, sell-side analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on YELP. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Yelp currently has an average rating of “Hold” and an average price target of $36.33.

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.