Y Intercept Hong Kong Ltd lowered its stake in shares of Yelp Inc. (NYSE:YELP – Free Report) by 67.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,312 shares of the local business review company’s stock after selling 21,145 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Yelp were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in Yelp by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 335,598 shares of the local business review company’s stock worth $10,201,000 after purchasing an additional 3,308 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Yelp by 40.5% during the first quarter. Federated Hermes Inc. now owns 143,602 shares of the local business review company’s stock valued at $4,409,000 after purchasing an additional 41,363 shares during the period. Truist Financial Corp purchased a new stake in shares of Yelp during the first quarter valued at $434,000. Royce & Associates LP boosted its stake in shares of Yelp by 42.4% during the first quarter. Royce & Associates LP now owns 49,310 shares of the local business review company’s stock valued at $1,514,000 after purchasing an additional 14,676 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Yelp during the first quarter valued at $1,719,000. Institutional investors own 88.46% of the company’s stock.

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Insiders Place Their Bets

In other news, CTO Sam Eaton sold 18,850 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $45.51, for a total transaction of $857,863.50. Following the transaction, the chief technology officer now owns 216,165 shares in the company, valued at approximately $9,837,669.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Sam Eaton sold 18,850 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $45.51, for a total transaction of $857,863.50. Following the transaction, the chief technology officer now owns 216,165 shares in the company, valued at approximately $9,837,669.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $33.68, for a total value of $202,080.00. Following the transaction, the chief operating officer now owns 321,487 shares in the company, valued at approximately $10,827,682.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,735 shares of company stock worth $4,554,979. Corporate insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on YELP shares. Barclays boosted their target price on shares of Yelp from $26.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Credit Suisse Group boosted their target price on shares of Yelp from $43.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Jefferies Financial Group boosted their target price on shares of Yelp from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, July 25th. StockNews.com assumed coverage on shares of Yelp in a report on Thursday. They issued a “strong-buy” rating for the company. Finally, TheStreet upgraded shares of Yelp from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Yelp currently has a consensus rating of “Hold” and an average target price of $39.56.

View Our Latest Analysis on Yelp

Yelp Stock Down 1.9 %

Shares of NYSE YELP opened at $41.27 on Friday. The business’s 50 day moving average price is $39.65 and its 200 day moving average price is $33.89. The firm has a market cap of $2.84 billion, a P/E ratio of 68.78 and a beta of 1.49. Yelp Inc. has a 52 week low of $25.30 and a 52 week high of $47.59.

Yelp (NYSE:YELP – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. Yelp had a return on equity of 6.46% and a net margin of 3.38%. The business had revenue of $337.13 million for the quarter, compared to analyst estimates of $325.96 million. As a group, research analysts expect that Yelp Inc. will post 1.02 earnings per share for the current year.

Yelp Company Profile

(Free Report)

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business 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.

Further Reading

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