Gallacher Capital Management LLC Makes New $226,000 Investment in Yelp Inc. (NYSE:YELP)

Gallacher Capital Management LLC bought a new position in shares of Yelp Inc. (NYSE:YELP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,737 shares of the local business review company’s stock, valued at approximately $226,000.

Several other large investors also recently bought and sold shares of YELP. Fidelis Capital Partners LLC acquired a new stake in Yelp during the 1st quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in Yelp during the 4th quarter valued at approximately $27,000. Daiwa Securities Group Inc. acquired a new stake in Yelp during the 4th quarter valued at approximately $43,000. International Assets Investment Management LLC lifted its stake in Yelp by 4,634.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company’s stock valued at $58,000 after acquiring an additional 1,205 shares during the period. Finally, Blue Trust Inc. lifted its stake in Yelp by 65.6% during the 4th quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company’s stock valued at $59,000 after acquiring an additional 495 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Craig Hallum decreased their target price on shares of Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Robert W. Baird reduced their price objective on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Finally, Raymond James assumed coverage on shares of Yelp in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.67.

Insiders Place Their Bets

In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $36.24, for a total transaction of $253,680.00. Following the completion of the transaction, the chief operating officer now owns 288,842 shares of the company’s stock, valued at $10,467,634.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO David A. Schwarzbach sold 2,750 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $40.63, for a total transaction of $111,732.50. Following the sale, the chief financial officer now owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $36.24, for a total transaction of $253,680.00. Following the sale, the chief operating officer now directly owns 288,842 shares in the company, valued at approximately $10,467,634.08. The disclosure for this sale can be found here. Insiders sold a total of 56,818 shares of company stock valued at $2,109,323 over the last 90 days. 7.40% of the stock is owned by company insiders.

Yelp Price Performance

Shares of YELP traded down $0.07 during mid-day trading on Friday, reaching $35.70. The stock had a trading volume of 205,332 shares, compared to its average volume of 722,297. Yelp Inc. has a 52-week low of $34.76 and a 52-week high of $48.99. The business’s fifty day moving average is $36.91 and its 200 day moving average is $39.90. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 22.78 and a beta of 1.33.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. Yelp had a net margin of 8.44% and a return on equity of 15.69%. The firm had revenue of $332.75 million during the quarter, compared to analyst estimates of $333.66 million. As a group, sell-side analysts anticipate that Yelp Inc. will post 1.39 EPS for the current fiscal 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.