Yelp Inc. $YELP Stake Lifted by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Yelp Inc. (NYSE:YELP) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,033 shares of the local business review company’s stock after buying an additional 1,564 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Yelp worth $1,302,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in YELP. GAMMA Investing LLC grew its stake in Yelp by 2,600.2% during the 1st quarter. GAMMA Investing LLC now owns 46,362 shares of the local business review company’s stock worth $1,717,000 after buying an additional 44,645 shares during the last quarter. Parallel Advisors LLC boosted its position in Yelp by 78.3% during the 1st quarter. Parallel Advisors LLC now owns 2,585 shares of the local business review company’s stock worth $96,000 after acquiring an additional 1,135 shares during the period. Unique Wealth LLC acquired a new position in Yelp during the 1st quarter worth $224,000. Farther Finance Advisors LLC boosted its position 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. Finally, SG Americas Securities LLC acquired a new position in Yelp during the 1st quarter worth $305,000. 90.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

YELP has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Yelp in a research report on Saturday, September 27th. Bank of America reduced their price target on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen lowered Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $34.00.

Yelp Stock Up 0.4%

Shares of Yelp stock opened at $31.84 on Friday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. The business has a fifty day simple moving average of $31.97 and a 200-day simple moving average of $34.51. Yelp Inc. has a fifty-two week low of $29.96 and a fifty-two week 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 the consensus estimate of $0.48 by $0.19. The business had revenue of $370.39 million during the quarter, compared to analyst estimates of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at Yelp

In other news, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $31.37, for a total transaction of $47,055.00. Following the sale, the insider directly owned 84,066 shares of the company’s stock, valued at $2,637,150.42. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $31.24, for a total value of $312,400.00. Following the sale, the chief financial officer directly owned 170,196 shares in the company, valued at $5,316,923.04. This trade represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,400 shares of company stock valued at $1,211,130 over the last three months. Company 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.