Yelp Inc. (NYSE:YELP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in Yelp Inc. (NYSE:YELP) by 16.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,061,054 shares of the local business review company’s stock after selling 213,608 shares during the period. Fisher Asset Management LLC’s holdings in Yelp were worth $50,230,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of YELP. Acadian Asset Management LLC raised its position in Yelp by 18.2% in the third quarter. Acadian Asset Management LLC now owns 2,496,166 shares of the local business review company’s stock valued at $103,789,000 after purchasing an additional 384,566 shares during the period. UBS Group AG lifted its stake in Yelp by 2,219.2% during the 3rd quarter. UBS Group AG now owns 168,559 shares of the local business review company’s stock worth $7,010,000 after acquiring an additional 161,291 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Yelp in the 3rd quarter valued at about $976,000. Meritage Portfolio Management increased its stake in Yelp by 2.2% during the fourth quarter. Meritage Portfolio Management now owns 14,121 shares of the local business review company’s stock worth $668,000 after purchasing an additional 308 shares during the period. Finally, EAM Investors LLC acquired a new stake in shares of Yelp during the third quarter worth about $1,786,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Raymond James started coverage on shares of Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating on the stock. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Yelp currently has an average rating of “Hold” and a consensus price target of $41.75.

Yelp Stock Performance

YELP opened at $39.99 on Friday. The business’s 50-day simple moving average is $39.19 and its 200-day simple moving average is $42.42. The company has a market cap of $2.73 billion, a P/E ratio of 29.62 and a beta of 1.44. Yelp Inc. has a one year low of $26.53 and a one year high of $48.99.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $342.38 million during the quarter, compared to the consensus estimate of $341.83 million. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. As a group, analysts predict that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Yelp news, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the sale, the chief financial officer now owns 258,848 shares in the company, valued at $10,516,994.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $38.83, for a total value of $232,980.00. Following the transaction, the chief operating officer now directly owns 312,502 shares in the company, valued at approximately $12,134,452.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David A. Schwarzbach sold 2,750 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the transaction, the chief financial officer now owns 258,848 shares of the company’s stock, valued at approximately $10,516,994.24. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.

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.