GAMMA Investing LLC Acquires 524 Shares of Yelp Inc. (NYSE:YELP)

GAMMA Investing LLC lifted its holdings in shares of Yelp Inc. (NYSE:YELP) by 115.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 976 shares of the local business review company’s stock after purchasing an additional 524 shares during the period. GAMMA Investing LLC’s holdings in Yelp were worth $34,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in YELP. Mirae Asset Global Investments Co. Ltd. lifted its position in Yelp by 0.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock worth $3,398,000 after buying an additional 288 shares in the last quarter. CWM LLC grew its stake in shares of Yelp by 24.7% during the second quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 377 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 481 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Yelp in the first quarter valued at approximately $25,000. Finally, Meeder Asset Management Inc. bought a new position in Yelp in the 2nd quarter worth approximately $25,000. Institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on YELP shares. Wolfe Research assumed coverage on Yelp in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. StockNews.com cut Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Morgan Stanley upped their target price on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Finally, Bank of America initiated coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Yelp currently has an average rating of “Hold” and a consensus price target of $37.33.

Yelp Trading Down 0.7 %

Yelp stock opened at $34.61 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 22.04, a PEG ratio of 0.81 and a beta of 1.33. The business has a 50-day moving average of $34.22 and a 200-day moving average of $36.35. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The business had revenue of $357.00 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter last year, the firm earned $0.21 EPS. Yelp’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Yelp Inc. will post 1.65 EPS for the current fiscal year.

Insider Activity

In related news, COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.25, for a total transaction of $232,750.00. Following the sale, the chief operating officer now owns 281,842 shares of the company’s stock, valued at approximately $9,371,246.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO Sam Eaton sold 10,776 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now owns 145,171 shares of the company’s stock, valued at $5,080,985. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.25, for a total transaction of $232,750.00. Following the sale, the chief operating officer now owns 281,842 shares in the company, valued at approximately $9,371,246.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,776 shares of company stock valued at $848,050 in the last quarter. Company insiders own 7.40% of the company’s stock.

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.