Mitsubishi UFJ Trust & Banking Corp Buys 8,861 Shares of Yelp Inc. (NYSE:YELP)

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Yelp Inc. (NYSE:YELP) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 233,131 shares of the local business review company’s stock after acquiring an additional 8,861 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Yelp were worth $9,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its stake in 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 acquiring an additional 288 shares in the last quarter. Avion Wealth boosted its holdings in Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 864 shares during the period. Fifth Third Bancorp grew its position in shares of Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 741 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of 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 buying an additional 263 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the completion of the sale, the insider now directly owns 223,512 shares in the company, valued at approximately $8,122,426.08. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the transaction, the insider now owns 107,207 shares in the company, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,727 shares of company stock worth $2,081,667 in the last quarter. 7.40% of the stock is owned by insiders.

Yelp Stock Performance

Yelp stock opened at $37.22 on Friday. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The firm’s fifty day moving average price is $37.26 and its 200-day moving average price is $36.82. The stock has a market cap of $2.42 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.

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