Wincap Financial LLC Reduces Position in Yelp Inc. $YELP

Wincap Financial LLC decreased its holdings in Yelp Inc. (NYSE:YELP) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,160 shares of the local business review company’s stock after selling 1,895 shares during the period. Wincap Financial LLC’s holdings in Yelp were worth $485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of YELP. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Yelp during the 1st quarter valued at approximately $52,000. Strs Ohio bought a new stake in Yelp during the 1st quarter valued at $56,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Yelp during the first quarter worth $62,000. Signaturefd LLC boosted its holdings in shares of Yelp by 47.3% in the first quarter. Signaturefd LLC now owns 1,936 shares of the local business review company’s stock worth $72,000 after acquiring an additional 622 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Yelp by 83.4% in the first quarter. Advisors Asset Management Inc. now owns 2,670 shares of the local business review company’s stock valued at $99,000 after purchasing an additional 1,214 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

YELP has been the topic of a number of recent research reports. Zacks Research raised Yelp from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Bank of America lowered their price target on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a research report on Tuesday, October 14th. Evercore ISI set a $45.00 target price on shares of Yelp and gave the stock an “outperform” rating in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.00.

Yelp Trading Down 0.1%

YELP stock opened at $33.01 on Tuesday. The company’s 50 day moving average is $31.90 and its 200 day moving average is $34.10. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98. Yelp Inc. has a 1-year low of $29.96 and a 1-year high of $41.72.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. The business had revenue of $370.39 million during the quarter, compared to analyst estimates of $365.71 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. Yelp’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Transactions at Yelp

In related news, insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $33.04, for a total value of $49,560.00. Following the completion of the transaction, the insider directly owned 82,566 shares in the company, valued at approximately $2,727,980.64. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total value of $335,800.00. Following the completion of the transaction, the chief financial officer directly owned 160,196 shares in the company, valued at approximately $5,379,381.68. This represents a 5.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,900 shares of company stock valued at $1,214,460. 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.