UBS Group AG Cuts Stock Holdings in Yelp Inc. (NYSE:YELP)

UBS Group AG lessened its holdings in Yelp Inc. (NYSE:YELPFree Report) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,053 shares of the local business review company’s stock after selling 40,506 shares during the period. UBS Group AG owned about 0.19% of Yelp worth $6,062,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Yelp by 1.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 91,598 shares of the local business review company’s stock valued at $4,336,000 after acquiring an additional 1,711 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Yelp by 156.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,342 shares of the local business review company’s stock valued at $1,248,000 after acquiring an additional 16,062 shares during the period. Norges Bank purchased a new position in shares of Yelp in the 4th quarter valued at $20,718,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Yelp by 24.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,088 shares of the local business review company’s stock valued at $288,000 after acquiring an additional 1,201 shares during the period. Finally, USA Financial Formulas purchased a new stake in Yelp during the 4th quarter worth $73,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insider Activity

In other news, COO Joseph R. Nachman sold 4,941 shares of Yelp stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total value of $180,494.73. Following the completion of the transaction, the chief operating officer now directly owns 295,842 shares of the company’s stock, valued at approximately $10,807,108.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $38.83, for a total transaction of $232,980.00. Following the completion of the transaction, the chief operating officer now directly owns 312,502 shares of the company’s stock, valued at approximately $12,134,452.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joseph R. Nachman sold 4,941 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total transaction of $180,494.73. Following the transaction, the chief operating officer now directly owns 295,842 shares of the company’s stock, valued at $10,807,108.26. The disclosure for this sale can be found here. In the last three months, insiders sold 55,818 shares of company stock valued at $2,088,623. Company insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on YELP shares. Raymond James started coverage on shares of Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating on the stock. Craig Hallum dropped their price target on shares of Yelp from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Robert W. Baird dropped their price target on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.67.

Get Our Latest Research Report on YELP

Yelp Stock Performance

NYSE YELP opened at $36.24 on Friday. Yelp Inc. has a one year low of $34.92 and a one year high of $48.99. The company has a 50-day simple moving average of $38.88 and a 200-day simple moving average of $41.48. The firm has a market capitalization of $2.44 billion, a PE ratio of 23.08 and a beta of 1.35.

Yelp (NYSE:YELPGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. Yelp had a net margin of 8.44% and a return on equity of 15.69%. The business had revenue of $332.75 million during the quarter, compared to analyst estimates of $333.66 million. Equities analysts forecast that Yelp Inc. will post 1.39 earnings per share for the current year.

Yelp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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