Vinva Investment Management Ltd Acquires New Stake in Yelp Inc. (NYSE:YELP)

Vinva Investment Management Ltd acquired a new stake in shares of Yelp Inc. (NYSE:YELPFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,656 shares of the local business review company’s stock, valued at approximately $504,000.

A number of other hedge funds also recently bought and sold shares of YELP. Pacer Advisors Inc. increased its position 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 valued at $57,535,000 after acquiring an additional 482,242 shares during the last quarter. Norges Bank bought a new stake in Yelp during the fourth quarter valued at about $20,718,000. Acadian Asset Management LLC grew its holdings in Yelp by 18.2% during 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 purchasing an additional 384,566 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Yelp during the third quarter valued at about $13,873,000. Finally, Assenagon Asset Management S.A. grew its holdings in Yelp by 186.5% during 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 period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Price Performance

Shares of YELP stock opened at $36.72 on Friday. Yelp Inc. has a 1 year low of $34.92 and a 1 year high of $48.99. The stock’s 50 day simple moving average is $38.77 and its two-hundred day simple moving average is $41.38. The company has a market cap of $2.48 billion, a PE ratio of 23.39 and a beta of 1.35.

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

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the sale, the chief financial officer now directly owns 258,848 shares in the company, valued at $10,516,994.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Joseph R. Nachman sold 4,941 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $36.53, for a total value of $180,494.73. Following the sale, the chief operating officer now directly owns 295,842 shares in the company, valued at $10,807,108.26. The sale 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 stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the sale, the chief financial officer now owns 258,848 shares in the company, valued at $10,516,994.24. The disclosure for this sale can be found here. Insiders have sold a total of 55,818 shares of company stock worth $2,088,623 over the last ninety days. Company insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on YELP shares. Raymond James started coverage on Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Craig Hallum cut their price target on Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Finally, Robert W. Baird cut their price target on Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Two investment 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 company. According to data from MarketBeat.com, Yelp has a consensus rating of “Hold” and a consensus price target of $40.67.

View Our Latest Research Report on Yelp

Yelp 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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