Yelp Inc. (NYSE:YELP) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its position in shares of Yelp Inc. (NYSE:YELP) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 781 shares of the local business review company’s stock after selling 1,405 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Yelp were worth $30,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YELP. Allworth Financial LP raised its holdings in Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after purchasing an additional 288 shares during the last quarter. Avion Wealth raised its holdings in Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp increased its position in Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after buying an additional 474 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after buying an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Yelp by 445.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company’s stock worth $80,000 after buying an additional 1,683 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $34.31, for a total transaction of $343,100.00. Following the completion of the sale, the chief financial officer now owns 239,112 shares of the company’s stock, valued at approximately $8,203,932.72. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.75, for a total value of $35,750.00. Following the sale, the insider now directly owns 211,558 shares of the company’s stock, valued at approximately $7,563,198.50. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,727 shares of company stock valued at $2,025,717 over the last quarter. Company insiders own 8.00% of the company’s stock.

Yelp Stock Down 1.6%

Shares of NYSE:YELP opened at $38.53 on Tuesday. The company has a market cap of $2.51 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.76 and a beta of 0.99. Yelp Inc. has a 52 week low of $32.29 and a 52 week high of $41.72. The business has a fifty day simple moving average of $35.87 and a 200-day simple moving average of $37.24.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. Sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on YELP. JPMorgan Chase & Co. dropped their price target on Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Yelp has a consensus rating of “Hold” and a consensus target price of $34.00.

Yelp Company 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.