Yelp Inc. $YELP Stock Position Trimmed by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its position in Yelp Inc. (NYSE:YELP) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,992 shares of the local business review company’s stock after selling 535 shares during the period. Ingalls & Snyder LLC owned approximately 0.15% of Yelp worth $3,221,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Yelp by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company’s stock valued at $13,869,000 after acquiring an additional 8,239 shares during the period. Jump Financial LLC acquired a new position in Yelp during the 1st quarter valued at about $1,945,000. Elevate Capital Advisors LLC bought a new stake in shares of Yelp during the 1st quarter worth about $2,766,000. Jefferies Financial Group Inc. lifted its stake in shares of Yelp by 169.1% in the 1st quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company’s stock worth $617,000 after acquiring an additional 10,471 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Yelp by 272.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company’s stock valued at $2,160,000 after acquiring an additional 41,400 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on YELP shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. Bank of America lowered their price objective on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, August 8th. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Evercore ISI set a $45.00 price target on Yelp and gave the company an “outperform” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.00.

Insider Buying and Selling

In other news, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $31.37, for a total transaction of $47,055.00. Following the transaction, the insider directly owned 84,066 shares in the company, valued at $2,637,150.42. The trade was a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.93, for a total transaction of $37,116.00. Following the completion of the transaction, the insider directly owned 202,500 shares in the company, valued at $6,263,325. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,400 shares of company stock worth $1,164,900. 8.00% of the stock is owned by company insiders.

Yelp Stock Down 0.2%

Shares of NYSE:YELP opened at $33.08 on Friday. The company has a market cap of $2.09 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98. The company’s fifty day moving average is $31.86 and its two-hundred day moving average is $34.13. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. The firm had revenue of $370.39 million for the quarter, compared to analyst estimates of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.Yelp’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

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.