Globeflex Capital L P Acquires 105,078 Shares of Yelp Inc. (NYSE:YELP)

Globeflex Capital L P grew its holdings in Yelp Inc. (NYSE:YELP) by 558.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 123,880 shares of the local business review company’s stock after purchasing an additional 105,078 shares during the period. Globeflex Capital L P’s holdings in Yelp were worth $4,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of Yelp by 1.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after purchasing an additional 48,363 shares during the last quarter. State Street Corp increased its holdings in Yelp by 0.9% in the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock worth $89,567,000 after purchasing an additional 23,719 shares in the last quarter. Geode Capital Management LLC increased its holdings in Yelp by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock worth $61,724,000 after purchasing an additional 64,381 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $41,205,000 after purchasing an additional 56,618 shares in the last quarter. Finally, FMR LLC increased its holdings in Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after purchasing an additional 78,585 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Yelp Trading Up 3.0 %

Shares of YELP stock opened at $35.04 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 0.76 and a beta of 1.40. The stock has a 50-day moving average of $37.95 and a 200-day moving average of $36.64. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $41.72.

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

Insider Activity

In related news, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $37.99, for a total transaction of $37,990.00. Following the sale, the insider now owns 183,558 shares in the company, valued at $6,973,368.42. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the sale, the insider now owns 107,207 shares in the company, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,727 shares of company stock valued at $2,480,517. Company insiders own 7.40% of the company’s stock.

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.