Yelp Inc. (NYSE:YELP) Stake Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Yelp Inc. (NYSE:YELP) by 332.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,195 shares of the local business review company’s stock after purchasing an additional 11,678 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Yelp were worth $588,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of YELP. Creative Planning lifted its holdings in Yelp by 168.6% in the third quarter. Creative Planning now owns 19,131 shares of the local business review company’s stock worth $671,000 after purchasing an additional 12,008 shares during the period. Signaturefd LLC lifted its holdings in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after purchasing an additional 583 shares during the period. International Assets Investment Management LLC lifted its holdings in Yelp by 9,073.1% in the third quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company’s stock worth $84,000 after purchasing an additional 2,359 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Yelp by 28.7% in the third quarter. Assenagon Asset Management S.A. now owns 271,590 shares of the local business review company’s stock worth $9,527,000 after purchasing an additional 60,559 shares during the period. Finally, US Bancorp DE lifted its holdings in Yelp by 18.9% in the 3rd quarter. US Bancorp DE now owns 19,546 shares of the local business review company’s stock valued at $686,000 after acquiring an additional 3,101 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Activity

In other news, CFO David A. Schwarzbach sold 10,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $38.29, for a total value of $382,900.00. Following the transaction, the chief financial officer now owns 211,988 shares in the company, valued at $8,117,020.52. This represents a 4.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Sam Eaton sold 21,989 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the completion of the transaction, the chief technology officer now owns 153,159 shares in the company, valued at $5,467,776.30. This represents a 12.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,256 shares of company stock worth $2,120,559 in the last 90 days. Company insiders own 7.40% of the company’s stock.

Analysts Set New Price Targets

YELP has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Robert W. Baird cut their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Evercore ISI raised shares of Yelp to a “hold” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Yelp currently has an average rating of “Hold” and an average target price of $37.17.

Yelp Trading Down 1.1 %

YELP stock opened at $35.31 on Tuesday. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The firm has a market capitalization of $2.32 billion, a PE ratio of 18.39, a P/E/G ratio of 0.76 and a beta of 1.33. The firm has a 50-day moving average of $39.11 and a two-hundred day moving average of $36.65.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. On average, equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share 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.