Ceera Investments LLC decreased its holdings in shares of Yelp Inc. (NYSE:YELP – Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,812 shares of the local business review company’s stock after selling 29,630 shares during the quarter. Yelp accounts for about 1.8% of Ceera Investments LLC’s investment portfolio, making the stock its 17th biggest position. Ceera Investments LLC owned 0.27% of Yelp worth $4,028,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LSV Asset Management boosted its holdings in Yelp by 11.6% during the 4th quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company’s stock valued at $81,513,000 after acquiring an additional 279,300 shares during the period. Dimensional Fund Advisors LP increased its stake in Yelp by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,226,666 shares of the local business review company’s stock worth $67,666,000 after purchasing an additional 156,430 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Yelp by 8.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company’s stock worth $61,656,000 after purchasing an additional 151,354 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Yelp by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company’s stock worth $51,458,000 after purchasing an additional 98,303 shares during the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of Yelp by 1.4% during the fourth quarter. River Road Asset Management LLC now owns 1,161,711 shares of the local business review company’s stock worth $35,304,000 after purchasing an additional 15,849 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently commented on YELP shares. Zacks Research raised shares of Yelp from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Morgan Stanley lowered their price objective on shares of Yelp from $28.00 to $24.00 and set an “underweight” rating for the company in a research report on Friday, May 15th. Evercore set a $30.00 target price on shares of Yelp in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yelp in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $27.88.
Yelp Price Performance
NYSE YELP opened at $26.27 on Friday. The company has a market cap of $1.44 billion, a PE ratio of 12.00, a P/E/G ratio of 2.94 and a beta of 0.46. The firm’s 50 day moving average price is $23.85 and its 200-day moving average price is $25.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. Yelp Inc. has a 52-week low of $19.60 and a 52-week high of $35.39.
Yelp (NYSE:YELP – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The local business review company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $361.46 million during the quarter, compared to the consensus estimate of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. Yelp’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Sell-side analysts forecast that Yelp Inc. will post 1.85 EPS for the current fiscal year.
Insider Activity at Yelp
In other news, Director Christine Barone sold 15,507 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $22.95, for a total value of $355,885.65. Following the completion of the transaction, the director directly owned 15,928 shares of the company’s stock, valued at approximately $365,547.60. The trade was a 49.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 17,507 shares of company stock valued at $402,481. Insiders own 8.30% of the company’s stock.
Yelp Profile
Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.
Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.
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