Arrowstreet Capital Limited Partnership Has $71.42 Million Stake in Yelp Inc. (NYSE:YELP)

Arrowstreet Capital Limited Partnership boosted its holdings in Yelp Inc. (NYSE:YELP) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,845,575 shares of the local business review company’s stock after acquiring an additional 255,775 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Yelp were worth $71,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allworth Financial LP grew its holdings in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after buying an additional 288 shares during the last quarter. Avion Wealth lifted its position in Yelp by 1,963.6% in the 4th 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 stake in Yelp by 76.5% during the 4th 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 increased its holdings 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 worth $66,000 after purchasing an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Yelp by 16.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Analyst Ratings Changes

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

Yelp Stock Down 0.3 %

Shares of NYSE YELP opened at $37.09 on Tuesday. The company has a market capitalization of $2.41 billion, a PE ratio of 19.32, a PEG ratio of 0.76 and a beta of 1.40. The stock’s 50 day moving average price is $37.19 and its 200-day moving average price is $36.87. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The firm 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%. As a group, research analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Yelp 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 transaction, the chief technology officer now directly owns 153,159 shares of the company’s stock, valued at approximately $5,467,776.30. This represents a 12.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the completion of the sale, the insider now owns 223,512 shares in the company, valued at approximately $8,122,426.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,727 shares of company stock worth $2,081,667. 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.