Campbell & CO Investment Adviser LLC Acquires Shares of 12,526 Yelp Inc. $YELP

Campbell & CO Investment Adviser LLC acquired a new position in shares of Yelp Inc. (NYSE:YELP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,526 shares of the local business review company’s stock, valued at approximately $429,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Yelp by 216.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,020 shares of the local business review company’s stock worth $1,920,000 after purchasing an additional 38,290 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Yelp in the 2nd quarter worth approximately $508,000. Suncoast Equity Management grew its holdings in shares of Yelp by 3.8% in the second quarter. Suncoast Equity Management now owns 22,045 shares of the local business review company’s stock valued at $755,000 after acquiring an additional 810 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Yelp during the second quarter worth $28,000. Finally, Hussman Strategic Advisors Inc. bought a new stake in Yelp during the second quarter worth $1,439,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insider Buying and Selling at Yelp

In other Yelp news, insider Craig Saldanha sold 1,200 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $6,638,874. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were 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 approximately $2,637,150.42. This represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 39,100 shares of company stock valued at $1,254,036 in the last 90 days. Insiders own 8.00% of the company’s stock.

Yelp Stock Performance

Shares of Yelp stock opened at $28.32 on Monday. The company’s 50 day moving average price is $31.72 and its 200-day moving average price is $33.77. Yelp Inc. has a 52-week low of $27.91 and a 52-week high of $41.72. The stock has a market capitalization of $1.79 billion, a price-to-earnings 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 results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. During the same quarter in the prior year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. 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 fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on YELP shares. Evercore ISI decreased their target price on Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Wall Street Zen downgraded Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a report on Tuesday, October 14th. Bank of America lowered their price target on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $32.20.

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.