Connor Clark & Lunn Investment Management Ltd. Has $1.92 Million Holdings in Yelp Inc. $YELP

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Yelp Inc. (NYSE:YELP) by 216.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,020 shares of the local business review company’s stock after buying an additional 38,290 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Yelp worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Yelp during the second quarter valued at approximately $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Yelp during the 1st quarter worth $52,000. Strs Ohio acquired a new position in shares of Yelp during the 1st quarter worth $56,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Yelp during the 1st quarter valued at $62,000. Finally, Signaturefd LLC lifted its stake in shares of Yelp by 47.3% in 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 last quarter. Institutional investors own 90.11% of the company’s stock.

Yelp Price Performance

NYSE:YELP opened at $28.32 on Monday. Yelp Inc. has a one year low of $27.91 and a one year high of $41.72. The company has a fifty day moving average price of $31.72 and a 200 day moving average price of $33.77. The stock has a market cap of $1.79 billion, a P/E ratio of 12.81, a PEG ratio of 0.81 and a beta of 0.99.

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

Insider Buying and Selling at Yelp

In related news, insider Carmen Amara sold 1,500 shares of the firm’s 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 completion of the transaction, the insider directly owned 84,066 shares of the company’s stock, valued at $2,637,150.42. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,200 shares of Yelp stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.98, for a total transaction of $39,576.00. Following the sale, the insider owned 201,300 shares in the company, valued at $6,638,874. This represents a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,100 shares of company stock valued at $1,254,036 in the last quarter. Corporate insiders own 8.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on YELP. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research report on Tuesday, October 14th. Evercore ISI lowered their price objective on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Bank of America cut 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. JPMorgan Chase & Co. decreased their target price on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Zacks Research downgraded Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. One investment 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 company presently has a consensus rating of “Reduce” and an average 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.