Yelp Inc. (NYSE:YELP) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in Yelp Inc. (NYSE:YELP) by 4.6% in the 4th quarter, Holdings Channel reports. The fund owned 275,188 shares of the local business review company’s stock after selling 13,212 shares during the period. Russell Investments Group Ltd.’s holdings in Yelp were worth $13,012,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in YELP. Acadian Asset Management LLC increased its holdings in 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 valued at $103,789,000 after buying an additional 384,566 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Yelp by 65.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,215,355 shares of the local business review company’s stock worth $57,535,000 after purchasing an additional 482,242 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $41,899,000 after purchasing an additional 33,669 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Yelp by 186.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 463,505 shares of the local business review company’s stock valued at $21,942,000 after purchasing an additional 301,715 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Yelp in the third quarter valued at $13,873,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Activity at Yelp

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

Analysts Set New Price Targets

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

Yelp Trading Down 0.0 %

Shares of Yelp stock opened at $39.99 on Friday. The stock has a market capitalization of $2.73 billion, a P/E ratio of 29.62 and a beta of 1.44. Yelp Inc. has a twelve month low of $26.53 and a twelve month high of $48.99. The business’s fifty day moving average price is $39.19 and its 200 day moving average price is $42.41.

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

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.