Yelp Inc. (NYSE:YELP) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its position in Yelp Inc. (NYSE:YELP) by 60.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,290 shares of the local business review company’s stock after acquiring an additional 13,338 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.05% of Yelp worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP raised its position in Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 288 shares during the period. Avion Wealth grew its stake 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 valued at $35,000 after acquiring an additional 864 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the last quarter. GAMMA Investing LLC grew its stake in Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after purchasing an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 263 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their target price 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, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.17.

Yelp Trading Down 3.9 %

Shares of NYSE YELP opened at $35.63 on Friday. The business has a 50 day simple moving average of $37.05 and a 200-day simple moving average of $36.94. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. As a group, equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the sale, the insider now owns 223,512 shares of the company’s stock, valued at $8,122,426.08. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the transaction, the insider now directly owns 107,207 shares of the company’s stock, valued at $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,727 shares of company stock valued at $2,081,667 over the last quarter. Insiders own 7.40% of the company’s stock.

About Yelp

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.