Evergreen Capital Management LLC Makes New $997,000 Investment in Yelp Inc. $YELP

Evergreen Capital Management LLC purchased a new position in shares of Yelp Inc. (NYSE:YELP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,795 shares of the local business review company’s stock, valued at approximately $997,000. Evergreen Capital Management LLC owned approximately 0.05% of Yelp as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bfsg LLC grew its holdings in Yelp by 110.3% during the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Yelp by 100.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock worth $28,000 after acquiring an additional 446 shares in the last quarter. Strs Ohio acquired a new position in Yelp during the 1st quarter worth approximately $56,000. Hudson Bay Capital Management LP acquired a new position in Yelp during the 3rd quarter worth approximately $55,000. Finally, Signaturefd LLC grew its holdings in Yelp by 76.5% during the 4th quarter. Signaturefd LLC now owns 2,097 shares of the local business review company’s stock worth $64,000 after acquiring an additional 909 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Ratings Changes

YELP has been the subject of several analyst reports. Robert W. Baird set a $25.00 price target on shares of Yelp in a report on Friday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $30.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. UBS Group set a $28.00 price target on shares of Yelp in a report on Tuesday, January 13th. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings cut shares of Yelp from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Yelp presently has an average rating of “Reduce” and an average target price of $28.50.

Yelp Trading Down 2.5%

Shares of Yelp stock opened at $28.33 on Friday. The company has a fifty day simple moving average of $24.34 and a 200-day simple moving average of $27.87. Yelp Inc. has a 12-month low of $19.60 and a 12-month high of $41.22. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.73 and a beta of 0.47.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 12th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $358.70 million. During the same quarter in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that Yelp Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Activity at Yelp

In related news, CEO Jeremy Stoppelman sold 30,000 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $27.26, for a total value of $817,800.00. Following the completion of the sale, the chief executive officer owned 756,458 shares in the company, valued at $20,621,045.08. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dan Jedda sold 1,464 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $21.02, for a total transaction of $30,773.28. Following the sale, the director owned 17,100 shares of the company’s stock, valued at approximately $359,442. This represents a 7.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 156,264 shares of company stock worth $4,115,893. Corporate insiders own 8.00% of the company’s stock.

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.