Globeflex Capital L P Buys 105,078 Shares of Yelp Inc. (NYSE:YELP)

Globeflex Capital L P lifted its holdings in shares of Yelp Inc. (NYSE:YELP) by 558.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 123,880 shares of the local business review company’s stock after purchasing an additional 105,078 shares during the period. Globeflex Capital L P owned 0.19% of Yelp worth $4,794,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in YELP. Allworth Financial LP lifted its stake in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the period. Avion Wealth raised its position in shares of 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 period. Fifth Third Bancorp grew its holdings in shares of 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. GAMMA Investing LLC grew its holdings in shares of Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock worth $66,000 after buying an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of 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. Institutional investors own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.17.

Yelp Trading Up 3.0 %

Shares of NYSE YELP opened at $35.04 on Friday. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $41.72. The stock has a 50 day moving average of $37.95 and a 200-day moving average of $36.64. The company has a market capitalization of $2.28 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The company had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Yelp news, CTO Sam Eaton sold 21,989 shares of Yelp stock in a transaction 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 transaction, the chief technology officer now directly owns 153,159 shares of the company’s stock, valued at $5,467,776.30. The trade was a 12.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the chief financial officer now directly owns 201,988 shares of the company’s stock, valued at $8,022,963.36. This represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,727 shares of company stock valued at $2,480,517. Insiders own 7.40% of the company’s stock.

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.