6,330 Shares in Yelp Inc. (NYSE:YELP) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new position in Yelp Inc. (NYSE:YELP – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,330 shares of the local business review company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in Yelp by 16.2% in the 1st quarter. Captrust Financial Advisors now owns 4,033 shares of the local business review company’s stock worth $138,000 after buying an additional 563 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Yelp by 33.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the local business review company’s stock worth $169,000 after buying an additional 1,241 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Yelp in the 2nd quarter worth approximately $204,000. Westwood Holdings Group Inc. purchased a new stake in Yelp in the 1st quarter worth approximately $226,000. Finally, Counterpoint Mutual Funds LLC lifted its position in Yelp by 346.8% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 8,556 shares of the local business review company’s stock worth $238,000 after buying an additional 6,641 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Activity

In other news, CFO David A. Schwarzbach sold 2,000 shares of Yelp stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $31.10, for a total transaction of $62,200.00. Following the sale, the chief financial officer now directly owns 185,172 shares in the company, valued at approximately $5,758,849.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Sam Eaton sold 5,547 shares of Yelp stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $166,410.00. Following the completion of the transaction, the chief technology officer now directly owns 180,726 shares of the company’s stock, valued at approximately $5,421,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David A. Schwarzbach sold 2,000 shares of Yelp stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $31.10, for a total transaction of $62,200.00. Following the transaction, the chief financial officer now directly owns 185,172 shares of the company’s stock, valued at $5,758,849.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,547 shares of company stock worth $7,860,270. Corporate insiders own 7.70% of the company’s stock.

Wall Street Analysts Forecast Growth

YELP has been the topic of a number of recent research reports. Jefferies Financial Group cut their price target on shares of Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, October 6th. Morgan Stanley cut their price target on shares of Yelp from $34.00 to $26.00 and set an “underweight” rating on the stock in a report on Wednesday, January 18th. Credit Suisse Group cut their price target on shares of Yelp from $49.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. StockNews.com started coverage on shares of Yelp in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Yelp from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $34.00 to $23.00 in a report on Tuesday, December 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Yelp has a consensus rating of “Hold” and a consensus target price of $34.38.

Yelp Price Performance

NYSE YELP opened at $29.58 on Wednesday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 55.81 and a beta of 1.40. The company’s fifty day moving average is $28.44 and its two-hundred day moving average is $32.05. Yelp Inc. has a 52-week low of $25.30 and a 52-week high of $39.26.

Yelp (NYSE:YELP – Get Rating) last issued its earnings results on Thursday, November 3rd. The local business review company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Yelp had a net margin of 3.40% and a return on equity of 5.44%. The business had revenue of $308.89 million for the quarter, compared to analyst estimates of $306.12 million. As a group, sell-side analysts expect that Yelp Inc. will post 0.53 earnings per share for the current fiscal year.

About Yelp

(Get Rating)

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business 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.