Yelp Inc. $YELP Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its holdings in shares of Yelp Inc. (NYSE:YELP) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,798 shares of the local business review company’s stock after buying an additional 14,246 shares during the period. Voya Investment Management LLC owned approximately 0.26% of Yelp worth $6,140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of YELP. Farther Finance Advisors LLC lifted its position in shares of 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 valued at $42,000 after acquiring an additional 827 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Yelp during the 1st quarter worth $52,000. Strs Ohio purchased a new stake in Yelp during the 1st quarter worth $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Yelp in the 1st quarter worth $62,000. Finally, McIlrath & Eck LLC acquired a new position in Yelp in the 4th quarter worth $63,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Yelp Stock Performance

Shares of NYSE:YELP opened at $32.13 on Friday. Yelp Inc. has a 52 week low of $29.96 and a 52 week high of $41.72. The company has a market cap of $2.03 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.03. The firm has a 50 day simple moving average of $32.67 and a 200 day simple moving average of $34.75.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $365.71 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. On average, equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

YELP has been the subject of a number of recent research reports. Bank of America lowered their price objective on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, August 8th. Wall Street Zen lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $34.00.

Insider Activity at Yelp

In related news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Monday, September 15th. The shares were sold at an average price of $31.24, for a total value of $312,400.00. Following the transaction, the chief financial officer owned 170,196 shares in the company, valued at $5,316,923.04. This trade represents a 5.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,200 shares of Yelp stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $31.17, for a total transaction of $37,404.00. Following the completion of the transaction, the insider owned 203,700 shares in the company, valued at $6,349,329. This trade represents a 0.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,700 shares of company stock valued at $1,161,299. Insiders own 8.00% of the company’s stock.

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.