EntryPoint Capital LLC Purchases 5,037 Shares of Yelp Inc. (NYSE:YELP)

EntryPoint Capital LLC boosted its position in Yelp Inc. (NYSE:YELP) by 69.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,295 shares of the local business review company’s stock after purchasing an additional 5,037 shares during the period. EntryPoint Capital LLC’s holdings in Yelp were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. FMR LLC boosted its holdings in Yelp by 13.7% during the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock valued at $22,944,000 after acquiring an additional 78,585 shares during the period. Barclays PLC boosted its stake in shares of Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after purchasing an additional 124,561 shares during the period. FORA Capital LLC bought a new position in shares of Yelp in the third quarter worth about $732,000. Bristlecone Advisors LLC purchased a new position in Yelp in the 4th quarter worth about $1,197,000. Finally, Intech Investment Management LLC bought a new stake in Yelp during the 3rd quarter valued at about $745,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Yelp

In other news, CTO Sam Eaton sold 21,989 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares in the company, valued at approximately $5,467,776.30. This represents a 12.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total value of $395,100.00. Following the transaction, the chief financial officer now owns 191,988 shares in the company, valued at approximately $7,585,445.88. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,727 shares of company stock valued at $2,081,667. 7.40% of the stock is currently owned by insiders.

Yelp Stock Up 1.8 %

Shares of NYSE:YELP opened at $37.50 on Wednesday. The firm has a 50 day moving average of $37.41 and a 200 day moving average of $36.75. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm had revenue of $361.95 million during the quarter, compared to analysts’ expectations of $350.73 million. On average, sell-side analysts expect that Yelp Inc. will post 2.22 EPS for the current 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.