Alberta Investment Management Corp Acquires 14,200 Shares of Yelp Inc. (NYSE:YELP)

Alberta Investment Management Corp raised its stake in shares of Yelp Inc. (NYSE:YELPFree Report) by 116.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,400 shares of the local business review company’s stock after purchasing an additional 14,200 shares during the period. Alberta Investment Management Corp’s holdings in Yelp were worth $1,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of YELP. Pacer Advisors Inc. grew its holdings in Yelp by 1.8% during the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after buying an additional 48,363 shares in the last quarter. State Street Corp grew its stake in shares of 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 acquiring an additional 23,719 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Yelp by 3.8% in the third quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock valued at $61,724,000 after purchasing an additional 64,381 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Yelp by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after purchasing an additional 56,618 shares in the last quarter. Finally, FMR LLC boosted its holdings in Yelp by 13.7% during the third 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 during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $38.05, for a total transaction of $38,050.00. Following the completion of the transaction, the insider now owns 184,558 shares of the company’s stock, valued at $7,022,431.90. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.72, for a total transaction of $397,200.00. Following the completion of the sale, the chief financial officer now directly owns 201,988 shares in the company, valued at approximately $8,022,963.36. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,267 shares of company stock worth $1,299,802. Corporate insiders own 7.40% of the company’s stock.

Yelp Price Performance

Shares of NYSE YELP opened at $35.70 on Friday. The stock has a market capitalization of $2.35 billion, a PE ratio of 18.59, a P/E/G ratio of 0.79 and a beta of 1.33. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The business’s fifty day moving average price is $39.20 and its 200-day moving average price is $36.59.

Yelp (NYSE:YELPGet Free Report) last issued its earnings results 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. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. As a group, equities analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on YELP shares. Morgan Stanley increased their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lowered their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Yelp presently has an average rating of “Hold” and a consensus price target of $37.17.

Get Our Latest Stock Report on YELP

Yelp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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