Hillsdale Investment Management Inc. Has $5.89 Million Stock Holdings in Yelp Inc. $YELP

Hillsdale Investment Management Inc. boosted its holdings in shares of Yelp Inc. (NYSE:YELP) by 33.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 171,816 shares of the local business review company’s stock after buying an additional 43,500 shares during the period. Hillsdale Investment Management Inc.’s holdings in Yelp were worth $5,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of YELP. LSV Asset Management grew its stake in Yelp by 122.8% during the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company’s stock valued at $70,443,000 after acquiring an additional 1,048,451 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Yelp by 268.1% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock valued at $25,811,000 after buying an additional 548,586 shares during the period. Nuveen LLC acquired a new stake in shares of Yelp during the 1st quarter valued at $13,811,000. Tenzing Global Management LLC purchased a new position in shares of Yelp during the 1st quarter valued at $6,480,000. Finally, Royal Bank of Canada increased its stake in shares of Yelp by 157.8% in the first quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company’s stock worth $9,352,000 after acquiring an additional 154,612 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Yelp Trading Up 0.2%

NYSE:YELP opened at $28.83 on Friday. The firm has a market capitalization of $1.77 billion, a PE ratio of 13.05, a PEG ratio of 0.81 and a beta of 0.99. Yelp Inc. has a 1 year low of $27.29 and a 1 year high of $41.72. The firm’s fifty day simple moving average is $31.46 and its 200 day simple moving average is $33.60.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The company had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

YELP has been the subject of several recent research reports. Bank of America cut their price objective on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. Evercore ISI dropped their price objective on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. JPMorgan Chase & Co. reduced their target price on shares of Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Yelp presently has an average rating of “Reduce” and a consensus price target of $32.20.

Insider Activity at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $33.58, for a total value of $335,800.00. Following the sale, the chief financial officer owned 160,196 shares of the company’s stock, valued at $5,379,381.68. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.98, for a total value of $39,576.00. Following the transaction, the insider owned 201,300 shares of the company’s stock, valued at approximately $6,638,874. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,100 shares of company stock worth $1,254,036 in the last 90 days. 8.00% of the stock is owned by company insiders.

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.