Elo Mutual Pension Insurance Co Raises Stake in Yelp Inc. $YELP

Elo Mutual Pension Insurance Co raised its holdings in shares of Yelp Inc. (NYSE:YELP) by 77.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,866 shares of the local business review company’s stock after acquiring an additional 17,851 shares during the period. Elo Mutual Pension Insurance Co owned about 0.06% of Yelp worth $1,400,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LSV Asset Management boosted its stake in shares of Yelp by 122.8% in 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 purchasing an additional 1,048,451 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Yelp by 268.1% in the second quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock worth $25,811,000 after purchasing an additional 548,586 shares during the last quarter. American Century Companies Inc. boosted its position in Yelp by 217.2% during the second quarter. American Century Companies Inc. now owns 551,212 shares of the local business review company’s stock valued at $18,890,000 after buying an additional 377,441 shares during the period. Nuveen LLC bought a new position in shares of Yelp during the first quarter valued at about $13,811,000. Finally, Tenzing Global Management LLC bought a new position in shares of Yelp during the first quarter valued at about $6,480,000. 90.11% of the stock is currently owned by institutional investors.

Yelp Stock Down 1.1%

Shares of Yelp stock opened at $29.06 on Friday. The company has a market cap of $1.79 billion, a PE ratio of 13.15, a P/E/G ratio of 0.81 and a beta of 0.99. The business has a 50 day moving average of $31.20 and a 200 day moving average of $33.36. Yelp Inc. has a 52 week low of $27.29 and a 52 week high of $41.72.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on YELP shares. JPMorgan Chase & Co. lowered their target price on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Zacks Research downgraded Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Evercore ISI dropped their price objective on Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a report on Tuesday, October 14th. Finally, Bank of America decreased their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, August 8th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $32.20.

Insider Activity at Yelp

In other Yelp news, insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $33.04, for a total transaction of $49,560.00. Following the transaction, the insider owned 82,566 shares in the company, valued at approximately $2,727,980.64. This represents a 1.78% decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $31.24, for a total value of $312,400.00. Following the completion of the transaction, the chief financial officer owned 170,196 shares of the company’s stock, valued at approximately $5,316,923.04. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,711 shares of company stock worth $1,155,019 over the last 90 days. 8.00% of the stock is owned by company insiders.

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.