Allspring Global Investments Holdings LLC Raises Stock Position in Yelp Inc. (NYSE:YELP)

Allspring Global Investments Holdings LLC boosted its position in Yelp Inc. (NYSE:YELP) by 221.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,112 shares of the local business review company’s stock after purchasing an additional 8,342 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Yelp were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Yelp by 18.2% in the third quarter. Acadian Asset Management LLC now owns 2,496,166 shares of the local business review company’s stock worth $103,789,000 after buying an additional 384,566 shares in the last quarter. Pacer Advisors Inc. raised its stake in Yelp by 65.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,215,355 shares of the local business review company’s stock valued at $57,535,000 after purchasing an additional 482,242 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Yelp by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,007,433 shares of the local business review company’s stock valued at $41,899,000 after purchasing an additional 33,669 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Yelp by 186.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,505 shares of the local business review company’s stock worth $21,942,000 after buying an additional 301,715 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Yelp in the 3rd quarter worth $13,873,000. 90.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on YELP shares. Raymond James began coverage on shares of Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.75.

Insider Buying and Selling at Yelp

In related news, CFO David A. Schwarzbach sold 2,750 shares of Yelp stock in a transaction on Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the transaction, the chief financial officer now directly owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $38.83, for a total value of $232,980.00. Following the completion of the sale, the chief operating officer now owns 312,502 shares in the company, valued at approximately $12,134,452.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the transaction, the chief financial officer now directly owns 258,848 shares in the company, valued at $10,516,994.24. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.

Yelp Stock Down 1.0 %

Yelp stock opened at $39.97 on Friday. The firm has a fifty day simple moving average of $38.88 and a two-hundred day simple moving average of $42.54. Yelp Inc. has a twelve month low of $26.53 and a twelve month high of $48.99. The company has a market capitalization of $2.73 billion, a PE ratio of 29.61 and a beta of 1.49.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The company had revenue of $342.38 million during the quarter, compared to analyst estimates of $341.83 million. During the same quarter in the previous year, the company posted $0.28 EPS. Yelp’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts expect that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.

About Yelp

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.