Yelp Inc. $YELP Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in shares of Yelp Inc. (NYSE:YELP) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,499 shares of the local business review company’s stock after selling 5,256 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.08% of Yelp worth $1,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Yelp by 2.2% in the first quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company’s stock valued at $13,869,000 after purchasing an additional 8,239 shares during the period. Jump Financial LLC acquired a new stake in shares of Yelp in the first quarter worth approximately $1,945,000. Jefferies Financial Group Inc. boosted its stake in shares of Yelp by 169.1% in the first quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company’s stock worth $617,000 after acquiring an additional 10,471 shares during the last quarter. Bristlecone Advisors LLC boosted its stake in Yelp by 30.4% during the 1st quarter. Bristlecone Advisors LLC now owns 40,325 shares of the local business review company’s stock worth $1,493,000 after purchasing an additional 9,393 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Yelp by 272.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company’s stock worth $2,160,000 after purchasing an additional 41,400 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

YELP has been the topic of a number of recent research reports. The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. Evercore ISI set a $45.00 price objective on Yelp and gave the stock an “outperform” rating in a research note on Monday, October 13th. Bank of America lowered their price objective on Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, August 8th. Finally, Zacks Research cut shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $35.00.

Yelp Stock Performance

Shares of YELP stock opened at $32.99 on Monday. The firm’s 50 day moving average price is $31.98 and its 200-day moving average price is $34.05. Yelp Inc. has a one year low of $29.96 and a one year high of $41.72. The firm has a market cap of $2.08 billion, a P/E ratio of 14.93, a P/E/G ratio of 0.81 and a beta of 0.98.

Yelp (NYSE:YELP) last released its quarterly 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 return on equity of 20.17% and a net margin of 10.28%.The company had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $365.71 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. As a group, research analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction that occurred 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 in the company, valued at $5,663,560.28. This represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Saldanha sold 1,200 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.93, for a total transaction of $37,116.00. Following the sale, the insider owned 202,500 shares in the company, valued at approximately $6,263,325. This trade represents a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,900 shares of company stock valued at $1,214,460. Corporate 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.