Elo Mutual Pension Insurance Co Acquires 38,137 Shares of Yelp Inc. $YELP

Elo Mutual Pension Insurance Co lifted its holdings in Yelp Inc. (NYSE:YELP) by 93.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,003 shares of the local business review company’s stock after acquiring an additional 38,137 shares during the period. Elo Mutual Pension Insurance Co owned 0.13% of Yelp worth $2,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its stake in Yelp by 399.0% during the second quarter. Qube Research & Technologies Ltd now owns 725,214 shares of the local business review company’s stock worth $24,853,000 after acquiring an additional 579,894 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Yelp by 268.1% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock valued at $25,811,000 after purchasing an additional 548,586 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Yelp by 217.2% in the 2nd quarter. American Century Companies Inc. now owns 551,212 shares of the local business review company’s stock worth $18,890,000 after purchasing an additional 377,441 shares during the period. BNP Paribas Financial Markets increased its position in shares of Yelp by 1,144.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 351,006 shares of the local business review company’s stock valued at $12,029,000 after purchasing an additional 322,810 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Yelp by 14.8% during the 3rd quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company’s stock valued at $74,972,000 after buying an additional 309,173 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeremy Stoppelman sold 30,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $27.26, for a total transaction of $817,800.00. Following the transaction, the chief executive officer owned 756,458 shares in the company, valued at approximately $20,621,045.08. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $30.69, for a total transaction of $46,035.00. Following the completion of the sale, the insider directly owned 74,378 shares of the company’s stock, valued at approximately $2,282,660.82. This trade represents a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 236,264 shares of company stock worth $6,501,015 in the last ninety days. 8.00% of the stock is owned by company insiders.

Yelp Price Performance

Shares of YELP opened at $23.73 on Thursday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.57 and a beta of 0.56. Yelp Inc. has a 1-year low of $19.60 and a 1-year high of $41.22. The company has a 50-day moving average of $26.25 and a 200 day moving average of $29.39.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Yelp had a net margin of 9.94% and a return on equity of 19.96%. The business had revenue of $359.99 million for the quarter, compared to analyst estimates of $358.70 million. During the same period last year, the company posted $0.62 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on YELP shares. JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $30.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Robert W. Baird set a $25.00 price target on shares of Yelp in a research note on Friday, February 13th. Jefferies Financial Group increased their price objective on shares of Yelp from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Evercore decreased their price objective on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Finally, UBS Group set a $28.00 target price on Yelp in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Yelp currently has a consensus rating of “Reduce” and an average price target of $28.50.

Yelp Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.