Aviva PLC Reduces Holdings in Yelp Inc. $YELP

Aviva PLC lowered its stake in shares of Yelp Inc. (NYSE:YELP) by 25.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,797 shares of the local business review company’s stock after selling 4,332 shares during the quarter. Aviva PLC’s holdings in Yelp were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. LSV Asset Management boosted its position in Yelp by 122.8% during the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company’s stock valued at $70,443,000 after acquiring an additional 1,048,451 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Yelp by 5.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company’s stock worth $51,981,000 after acquiring an additional 71,626 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Yelp by 23.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 683,935 shares of the local business review company’s stock valued at $23,438,000 after purchasing an additional 128,138 shares during the period. Nuveen LLC bought a new stake in shares of Yelp during the first quarter valued at approximately $13,811,000. Finally, Royal Bank of Canada boosted its position in shares of Yelp by 157.8% during the first quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company’s stock valued at $9,352,000 after purchasing an additional 154,612 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Stock Performance

Shares of NYSE YELP opened at $28.32 on Friday. The firm’s 50 day moving average price is $31.72 and its 200-day moving average price is $33.79. Yelp Inc. has a 52-week low of $27.91 and a 52-week high of $41.72. The company has a market cap of $1.79 billion, a PE ratio of 12.81, a P/E/G ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. The company had revenue of $376.04 million during the quarter, compared to analyst estimates of $368.39 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $31.43, for a total transaction of $314,300.00. Following the transaction, the chief financial officer directly owned 180,196 shares of the company’s stock, valued at $5,663,560.28. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig Saldanha sold 1,200 shares of Yelp stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.98, for a total value of $39,576.00. Following the completion of the sale, the insider owned 201,300 shares of the company’s stock, valued at $6,638,874. The trade was a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,100 shares of company stock worth $1,254,036 over the last quarter. 8.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 10th. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research report on Tuesday, October 14th. Zacks Research cut shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. Finally, Evercore ISI cut their price objective on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $32.20.

About Yelp

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.