Hillsdale Investment Management Inc. Purchases 600 Shares of Yelp Inc. (NYSE:YELP)

Hillsdale Investment Management Inc. lifted its position in shares of Yelp Inc. (NYSE:YELP) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,016 shares of the local business review company’s stock after purchasing an additional 600 shares during the period. Hillsdale Investment Management Inc. owned 0.19% of Yelp worth $4,799,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 288 shares in the last quarter. Avion Wealth raised its position in Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after acquiring an additional 864 shares during the period. Fifth Third Bancorp raised its position in Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after acquiring an additional 474 shares during the period. GAMMA Investing LLC raised its position in Yelp by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock worth $66,000 after acquiring an additional 741 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in Yelp by 16.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after acquiring an additional 263 shares during the period. 90.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lifted their price objective on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Yelp presently has a consensus rating of “Hold” and an average target price of $37.17.

Insider Activity at Yelp

In related news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $39.51, for a total transaction of $395,100.00. Following the completion of the transaction, the chief financial officer now owns 191,988 shares of the company’s stock, valued at approximately $7,585,445.88. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the transaction, the insider now directly owns 107,207 shares of the company’s stock, valued at approximately $3,554,984.12. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,727 shares of company stock valued at $2,083,317. Corporate insiders own 7.40% of the company’s stock.

Yelp Stock Up 0.8 %

NYSE YELP opened at $35.73 on Friday. The company’s 50 day moving average is $37.48 and its 200-day moving average is $36.66. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72. The firm has a market cap of $2.32 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Equities analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

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.