Ethic Inc. Sells 4,393 Shares of Yelp Inc. $YELP

Ethic Inc. decreased its stake in shares of Yelp Inc. (NYSE:YELP) by 29.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,344 shares of the local business review company’s stock after selling 4,393 shares during the quarter. Ethic Inc.’s holdings in Yelp were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Hancock Whitney Corp increased its position in Yelp by 7.4% during the 1st quarter. Hancock Whitney Corp now owns 6,986 shares of the local business review company’s stock valued at $259,000 after purchasing an additional 480 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock valued at $2,828,000 after purchasing an additional 506 shares during the period. Signaturefd LLC increased its position in Yelp by 47.3% during the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company’s stock valued at $72,000 after purchasing an additional 622 shares during the period. Meritage Portfolio Management increased its position in Yelp by 4.3% during the 2nd quarter. Meritage Portfolio Management now owns 16,387 shares of the local business review company’s stock valued at $562,000 after purchasing an additional 672 shares during the period. Finally, Pinnacle Holdings LLC increased its position in Yelp by 2.1% during the 1st quarter. Pinnacle Holdings LLC now owns 34,649 shares of the local business review company’s stock valued at $1,283,000 after purchasing an additional 698 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

YELP has been the topic of a number of research reports. Evercore ISI set a $45.00 target price on shares of Yelp and gave the company an “outperform” rating in a research report on Monday, October 13th. Wall Street Zen downgraded shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research report on Tuesday, October 14th. Zacks Research downgraded shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America cut their price objective on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $35.00.

Yelp Stock Down 1.6%

YELP stock opened at $31.98 on Thursday. The firm has a 50 day moving average of $31.95 and a 200 day moving average of $34.07. The stock has a market capitalization of $2.02 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.82 and a beta of 0.98. Yelp Inc. has a 52 week low of $29.96 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 7th. The local business review company reported $0.67 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 analysts’ expectations of $365.71 million. During the same period last year, the business earned $0.54 EPS. Yelp’s revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total transaction of $335,800.00. Following the completion of the sale, the chief financial officer directly owned 160,196 shares in the company, valued at approximately $5,379,381.68. The trade was a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $33.04, for a total transaction of $49,560.00. Following the sale, the insider owned 82,566 shares of the company’s stock, valued at approximately $2,727,980.64. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,900 shares of company stock worth $1,214,460. 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.