Stratos Wealth Advisors LLC Has $2.87 Million Stake in Yelp Inc. $YELP

Stratos Wealth Advisors LLC lifted its stake in shares of Yelp Inc. (NYSE:YELP) by 33.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,461 shares of the local business review company’s stock after acquiring an additional 23,722 shares during the period. Stratos Wealth Advisors LLC owned 0.15% of Yelp worth $2,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YELP. Blue Trust Inc. raised its holdings in shares of Yelp by 16.1% during the fourth quarter. Blue Trust Inc. now owns 4,458 shares of the local business review company’s stock valued at $135,000 after purchasing an additional 617 shares during the period. Exchange Traded Concepts LLC raised its stake in Yelp by 4.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 40,955 shares of the local business review company’s stock worth $1,245,000 after buying an additional 1,804 shares during the period. SG Americas Securities LLC boosted its holdings in Yelp by 858.9% in the fourth quarter. SG Americas Securities LLC now owns 44,476 shares of the local business review company’s stock worth $1,352,000 after acquiring an additional 39,838 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Yelp in the fourth quarter valued at approximately $3,348,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Yelp by 128.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,788 shares of the local business review company’s stock valued at $393,000 after acquiring an additional 7,200 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jeremy Stoppelman sold 6,200 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $24.20, for a total value of $150,040.00. Following the transaction, the chief executive officer owned 964,827 shares of the company’s stock, valued at approximately $23,348,813.40. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dan Jedda sold 1,464 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $21.02, for a total value of $30,773.28. Following the completion of the transaction, the director owned 17,100 shares in the company, valued at $359,442. This represents a 7.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 238,764 shares of company stock worth $6,475,093. Company insiders own 8.00% of the company’s stock.

Yelp Price Performance

NYSE:YELP opened at $25.12 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.63 and a beta of 0.47. The business has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $28.31. Yelp Inc. has a 1 year low of $19.60 and a 1 year high of $41.22.

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

Analysts Set New Price Targets

Several research firms recently issued reports on YELP. Wall Street Zen downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley lowered their price objective on shares of Yelp from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, January 13th. UBS Group set a $28.00 price objective on shares of Yelp in a research note on Tuesday, January 13th. Zacks Research downgraded shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Yelp from $30.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $28.50.

About Yelp

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.