State of Wyoming Purchases 307 Shares of Yelp Inc. (NYSE:YELP)

by · The Cerbat Gem

State of Wyoming boosted its position in shares of Yelp Inc. (NYSE:YELP – Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,030 shares of the local business review company’s stock after purchasing an additional 307 shares during the period. State of Wyoming’s holdings in Yelp were worth $349,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in YELP. Asset Management One Co. Ltd. grew its holdings in shares of Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after acquiring an additional 263 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Yelp by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company’s stock valued at $262,000 after acquiring an additional 341 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of Yelp by 0.8% in the 4th quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company’s stock valued at $2,349,000 after acquiring an additional 457 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Yelp Stock Performance

Yelp stock opened at $37.98 on Thursday. Yelp Inc. has a 52 week low of $32.29 and a 52 week high of $41.72. The stock has a market capitalization of $2.42 billion, a P/E ratio of 19.78, a PEG ratio of 0.76 and a beta of 0.99. The stock has a 50-day simple moving average of $36.02 and a 200 day simple moving average of $37.26.

Yelp (NYSE:YELP – Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $358.53 million during the quarter, compared to analysts’ expectations of $353.48 million. During the same quarter last year, the company posted $0.20 earnings per share. Yelp’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Yelp currently has a consensus rating of “Hold” and an average price target of $34.00.

Check Out Our Latest Research Report on Yelp

Insiders Place Their Bets

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now directly owns 153,159 shares in the company, valued at $5,467,776.30. This trade represents a 12.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.75, for a total transaction of $35,750.00. Following the sale, the insider now owns 211,558 shares of the company’s stock, valued at $7,563,198.50. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,727 shares of company stock worth $2,025,717 over the last three months. Insiders own 8.00% of the company’s stock.

Yelp Profile

(Free Report)

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.

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