EMC Capital Management Invests $172,000 in Yelp Inc. $YELP

EMC Capital Management acquired a new position in shares of Yelp Inc. (NYSE:YELP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,005 shares of the local business review company’s stock, valued at approximately $172,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in shares of Yelp by 4.2% during the second quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock worth $80,827,000 after buying an additional 95,933 shares during the last quarter. LSV Asset Management increased its position in Yelp by 10.1% during the second quarter. LSV Asset Management now owns 2,093,765 shares of the local business review company’s stock worth $71,753,000 after acquiring an additional 191,447 shares during the period. Ameriprise Financial Inc. raised its stake in Yelp by 5.4% during the 1st quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company’s stock valued at $51,981,000 after purchasing an additional 71,626 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings 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 purchasing an additional 548,586 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Yelp by 23.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 683,935 shares of the local business review company’s stock valued at $23,438,000 after purchasing an additional 128,138 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. The Goldman Sachs Group set a $33.00 price target on Yelp in a research note on Tuesday, October 14th. Evercore ISI cut their price target on Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Bank of America decreased their price objective on Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen lowered Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yelp presently has an average rating of “Reduce” and a consensus target price of $32.20.

Yelp Stock Up 2.0%

Shares of YELP opened at $28.06 on Wednesday. The company has a 50-day moving average price of $31.56 and a two-hundred day moving average price of $33.67. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.81 and a beta of 0.99. Yelp Inc. has a 12 month low of $27.29 and a 12 month high of $41.72.

Yelp (NYSE:YELP) last released its quarterly earnings data 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. The company had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Yelp news, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $31.37, for a total transaction of $47,055.00. Following the completion of the transaction, the insider directly owned 84,066 shares of the company’s stock, valued at approximately $2,637,150.42. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.98, for a total transaction of $39,576.00. Following the completion of the sale, the insider directly owned 201,300 shares in the company, valued at approximately $6,638,874. The trade was a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,100 shares of company stock worth $1,254,036 over the last three months. 8.00% of the stock is currently owned by corporate insiders.

Yelp Company 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.