Fifth Third Bancorp Reduces Stock Position in Yelp Inc. $YELP

Fifth Third Bancorp lessened its stake in Yelp Inc. (NYSE:YELP) by 19.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,395 shares of the local business review company’s stock after selling 330 shares during the quarter. Fifth Third Bancorp’s holdings in Yelp were worth $48,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted 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 last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Yelp in the 1st quarter valued at approximately $52,000. Strs Ohio acquired a new stake in shares of Yelp during the 1st quarter worth approximately $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Yelp during the 1st quarter worth approximately $62,000. Finally, Signaturefd LLC lifted its holdings in Yelp by 47.3% in the first quarter. Signaturefd LLC now owns 1,936 shares of the local business review company’s stock valued at $72,000 after acquiring an additional 622 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $31.24, for a total transaction of $312,400.00. Following the sale, the chief financial officer owned 170,196 shares in the company, valued at $5,316,923.04. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.33, for a total value of $48,495.00. Following the transaction, the insider directly owned 85,566 shares of the company’s stock, valued at approximately $2,766,348.78. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,400 shares of company stock valued at $1,211,130 in the last three months. 8.00% of the stock is owned by corporate insiders.

Yelp Price Performance

Shares of Yelp stock opened at $31.68 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The business has a 50-day moving average of $32.03 and a 200 day moving average of $34.54. Yelp Inc. has a 12 month low of $29.96 and a 12 month high of $41.72.

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

Analyst Upgrades and Downgrades

YELP has been the subject of several analyst reports. Bank of America lowered their price objective on 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 cut Yelp from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $34.00.

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.