denkapparat Operations GmbH Takes $394,000 Position in Yelp Inc. (NYSE:YELP)

denkapparat Operations GmbH bought a new position in shares of Yelp Inc. (NYSE:YELP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,186 shares of the local business review company’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Yelp in the third quarter valued at approximately $267,000. Intech Investment Management LLC acquired a new stake in shares of Yelp during the third quarter worth about $745,000. Charles Schwab Investment Management Inc. boosted its position in shares of Yelp by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after purchasing an additional 56,618 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Yelp by 62.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the local business review company’s stock valued at $256,000 after purchasing an additional 2,800 shares during the period. Finally, FMR LLC grew its stake in Yelp by 13.7% during the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after buying an additional 78,585 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insider Buying and Selling

In other news, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the sale, the insider now owns 182,558 shares in the company, valued at $7,010,227.20. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $39.51, for a total value of $395,100.00. Following the completion of the sale, the chief financial officer now owns 191,988 shares of the company’s stock, valued at $7,585,445.88. This trade represents a 4.95 % decrease in their position. 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 owned by insiders.

Yelp Trading Down 1.0 %

Shares of YELP stock opened at $38.01 on Friday. The stock has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $36.77. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72.

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

Analyst Upgrades and Downgrades

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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.17.

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.