483,821 Shares of Yelp Inc. $YELP Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in shares of Yelp Inc. (NYSE:YELP) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 483,821 shares of the local business review company’s stock, valued at approximately $8,951,000.

Several other large investors have also recently added to or reduced their stakes in YELP. Dimensional Fund Advisors LP raised its position in Yelp by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company’s stock valued at $66,402,000 after purchasing an additional 457,261 shares during the last quarter. OP Asset Management Ltd acquired a new position in Yelp in the first quarter worth $14,796,000. Bank of America Corp DE boosted its stake in Yelp by 73.8% in the first quarter. Bank of America Corp DE now owns 562,739 shares of the local business review company’s stock worth $13,922,000 after purchasing an additional 238,993 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Yelp by 39.3% during the first quarter. Principal Financial Group Inc. now owns 522,004 shares of the local business review company’s stock worth $12,914,000 after purchasing an additional 147,329 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Yelp by 16.7% during the first quarter. Pacer Advisors Inc. now owns 467,195 shares of the local business review company’s stock worth $11,558,000 after purchasing an additional 66,833 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Stock Performance

Shares of Yelp stock opened at $19.89 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $1.08 billion, a P/E ratio of 9.52, a P/E/G ratio of 1.79 and a beta of 0.45. The firm has a 50 day simple moving average of $20.95 and a 200 day simple moving average of $23.69. Yelp Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $34.49.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 6th. The local business review company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The firm had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $366.89 million. During the same quarter in the previous year, the company posted $0.67 EPS. Yelp’s revenue was up 1.4% on a year-over-year basis. Sell-side analysts predict that Yelp Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on YELP. Morgan Stanley cut their price target on Yelp from $24.00 to $17.00 and set an “underweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Yelp in a research report on Friday, September 11th. They set an “underweight” rating and a $19.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Yelp in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $25.57.

Insiders Place Their Bets

In other news, CTO Alexander Coleman Levy sold 3,829 shares of Yelp stock in a transaction on Monday, August 24th. The stock was sold at an average price of $23.40, for a total value of $89,598.60. Following the completion of the sale, the chief technology officer directly owned 54,124 shares of the company’s stock, valued at approximately $1,266,501.60. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO David Schwarzbach sold 8,809 shares of Yelp stock in a transaction on Friday, August 21st. The shares were sold at an average price of $23.19, for a total value of $204,280.71. Following the completion of the sale, the chief financial officer directly owned 180,466 shares of the company’s stock, valued at $4,185,006.54. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 13,638 shares of company stock worth $314,249 over the last quarter. Corporate insiders own 8.30% of the company’s stock.

Yelp Profile

Yelp Inc operates an online platform that connects consumers with local businesses. Its website and mobile application allow users to search for businesses, read and contribute reviews, view photos and other business information, and discover providers across categories such as restaurants, home services, beauty, automotive, and health care.

The company generates revenue primarily by offering businesses advertising and other marketing solutions designed to help them reach customers on Yelp.