Yelp Inc. (NYSE:YELP) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its position in shares of Yelp Inc. (NYSE:YELP) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,542 shares of the local business review company’s stock after selling 10,919 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Yelp were worth $3,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted 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 worth $25,000 after purchasing an additional 288 shares during the period. Avion Wealth lifted its holdings in shares of Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after purchasing an additional 474 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Yelp during the third quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Yelp by 75.9% during the fourth 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 during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insiders Place Their Bets

In related news, insider Carmen Amara sold 1,500 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00. Following the transaction, the insider now owns 107,207 shares of the company’s stock, valued at approximately $3,554,984.12. This represents a 1.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $37.99, for a total value of $37,990.00. Following the transaction, the insider now directly owns 183,558 shares in the company, valued at approximately $6,973,368.42. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,489 shares of company stock valued at $2,087,187. Insiders own 7.40% of the company’s stock.

Yelp Stock Performance

Shares of YELP opened at $35.11 on Friday. The stock has a 50 day moving average price of $38.34 and a 200 day moving average price of $36.63. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.76 and a beta of 1.40. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72.

Yelp (NYSE:YELP) last released 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. The company had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Robert W. Baird reduced their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective 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, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.17.

Yelp Company 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.