Yelp Inc. $YELP Holdings Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in shares of Yelp Inc. (NYSE:YELP) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,359,112 shares of the local business review company’s stock after acquiring an additional 95,933 shares during the period. Acadian Asset Management LLC owned approximately 3.70% of Yelp worth $80,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Yelp during the 2nd quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Yelp during the first quarter valued at approximately $52,000. Strs Ohio bought a new stake in Yelp during the first quarter worth approximately $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Yelp in the first quarter worth approximately $62,000. Finally, Signaturefd LLC increased its holdings in shares of 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 buying an additional 622 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Yelp Stock Performance

Shares of NYSE YELP opened at $28.91 on Monday. The business’s 50-day simple moving average is $31.97 and its 200-day simple moving average is $33.99. Yelp Inc. has a 52 week low of $28.70 and a 52 week high of $41.72. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The company had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Yelp from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America cut their target price on Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, August 8th. The Goldman Sachs Group set a $33.00 price target on Yelp in a research report on Tuesday, October 14th. Zacks Research cut Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Yelp currently has an average rating of “Reduce” and an average target price of $34.60.

Insiders Place Their Bets

In other Yelp news, insider Craig Saldanha sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.98, for a total transaction of $39,576.00. Following the completion of the transaction, the insider owned 201,300 shares in the company, valued at $6,638,874. This trade represents a 0.59% 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, insider Carmen Amara sold 1,500 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $31.37, for a total value of $47,055.00. Following the transaction, the insider owned 84,066 shares of the company’s stock, valued at $2,637,150.42. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,100 shares of company stock valued at $1,254,036 in the last three months. Company insiders own 8.00% of the company’s stock.

Yelp Company 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.