Amundi Sells 7,102 Shares of Yelp Inc. $YELP

Amundi lessened its position in shares of Yelp Inc. (NYSE:YELP) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,125 shares of the local business review company’s stock after selling 7,102 shares during the period. Amundi owned approximately 0.12% of Yelp worth $2,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock worth $42,000 after acquiring an additional 827 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Yelp in the 1st quarter worth $52,000. McIlrath & Eck LLC bought a new position in shares of Yelp in the 4th quarter worth $63,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Yelp in the 1st quarter worth $62,000. Finally, Fifth Third Bancorp increased its holdings in shares of Yelp by 57.7% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company’s stock worth $64,000 after buying an additional 631 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Bank of America decreased their price target on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $34.00.

Yelp Stock Performance

Shares of Yelp stock opened at $31.74 on Friday. Yelp Inc. has a 52-week low of $29.96 and a 52-week high of $41.72. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.78 and a beta of 1.03. The company has a fifty day moving average of $33.00 and a 200-day moving average of $34.84.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $365.71 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other Yelp news, Director Dan Jedda sold 2,794 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $35.68, for a total transaction of $99,689.92. Following the completion of the sale, the director owned 18,564 shares of the company’s stock, valued at $662,363.52. This represents a 13.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.43, for a total transaction of $314,300.00. Following the sale, the chief financial officer directly owned 180,196 shares of the company’s stock, valued at $5,663,560.28. The trade was a 5.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,494 shares of company stock worth $1,305,389. 8.00% of the stock is currently owned by corporate insiders.

Yelp 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.