American Century Companies Inc. Has $18.89 Million Stake in Yelp Inc. $YELP

American Century Companies Inc. lifted its stake in Yelp Inc. (NYSE:YELP) by 217.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 551,212 shares of the local business review company’s stock after buying an additional 377,441 shares during the period. American Century Companies Inc. owned approximately 0.86% of Yelp worth $18,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of Yelp during the 1st quarter valued at $1,945,000. Jefferies Financial Group Inc. raised its stake in 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 valued at $617,000 after purchasing an additional 10,471 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Yelp by 268.1% during the second quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock worth $25,811,000 after purchasing an additional 548,586 shares during the period. Bristlecone Advisors LLC lifted its position in Yelp by 30.4% during the first 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Yelp during the first quarter worth about $657,000. Institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a research note on Tuesday, October 14th. Evercore ISI lowered their price objective on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Zacks Research cut Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. reduced their target price on Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $32.20.

Insiders Place Their Bets

In other news, CFO David A. Schwarzbach sold 9,611 shares of Yelp stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $29.31, for a total transaction of $281,698.41. Following the transaction, the chief financial officer owned 141,127 shares in the company, valued at approximately $4,136,432.37. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $28.62, for a total transaction of $34,344.00. Following the completion of the sale, the insider directly owned 193,279 shares in the company, valued at approximately $5,531,644.98. This represents a 0.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,906 shares of company stock valued at $1,157,585 in the last ninety days. 7.40% of the stock is currently owned by insiders.

Yelp Stock Up 3.5%

Shares of YELP opened at $29.61 on Wednesday. The stock has a market cap of $1.82 billion, a PE ratio of 13.40, a PEG ratio of 0.81 and a beta of 0.56. Yelp Inc. has a 12-month low of $27.29 and a 12-month high of $41.72. The business has a 50-day simple moving average of $31.04 and a two-hundred day simple moving average of $33.03.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The firm had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. On average, equities research analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

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.