Jupiter Asset Management Ltd. Purchases 548,586 Shares of Yelp Inc. $YELP

Jupiter Asset Management Ltd. increased its position in shares of Yelp Inc. (NYSE:YELP) by 268.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 753,173 shares of the local business review company’s stock after buying an additional 548,586 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Yelp were worth $25,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC acquired a new stake in shares of Yelp in the first quarter valued at about $1,945,000. Jefferies Financial Group Inc. boosted its stake in Yelp by 169.1% during the 1st quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company’s stock valued at $617,000 after purchasing an additional 10,471 shares during the period. Bristlecone Advisors LLC grew its holdings in Yelp by 30.4% in the 1st quarter. Bristlecone Advisors LLC now owns 40,325 shares of the local business review company’s stock valued at $1,493,000 after buying an additional 9,393 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Yelp in the 1st quarter valued at approximately $657,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Yelp by 71.0% during the first quarter. Hsbc Holdings PLC now owns 70,409 shares of the local business review company’s stock worth $2,595,000 after buying an additional 29,232 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Yelp Stock Up 1.3%

NYSE YELP opened at $29.73 on Thursday. Yelp Inc. has a twelve month low of $27.91 and a twelve month high of $41.72. The stock has a market cap of $1.88 billion, a P/E ratio of 13.45, a PEG ratio of 0.81 and a beta of 0.99. The company’s 50-day simple moving average is $31.85 and its 200 day simple moving average is $33.88.

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 analysts’ consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The company had revenue of $376.04 million for the quarter, compared to the consensus estimate of $368.39 million. During the same period in the previous year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at Yelp

In other news, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.98, for a total value of $39,576.00. Following the sale, the insider owned 201,300 shares of the company’s stock, valued at approximately $6,638,874. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $33.58, for a total transaction of $335,800.00. Following the sale, the chief financial officer owned 160,196 shares of the company’s stock, valued at $5,379,381.68. This trade represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,100 shares of company stock worth $1,254,036 over the last three months. Company insiders own 8.00% of the company’s stock.

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.