Insight Advisors LLC PA Buys New Holdings in Yelp Inc. $YELP

Insight Advisors LLC PA bought a new position in Yelp Inc. (NYSE:YELP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 56,300 shares of the local business review company’s stock, valued at approximately $1,393,000.

A number of other institutional investors have also recently bought and sold shares of the business. Headwater Capital Co Ltd acquired a new position in shares of Yelp in the 4th quarter valued at $4,558,000. Assenagon Asset Management S.A. acquired a new stake in shares of Yelp during the 4th quarter valued at about $3,348,000. SG Americas Securities LLC boosted its position in shares of Yelp by 858.9% during the 4th quarter. SG Americas Securities LLC now owns 44,476 shares of the local business review company’s stock valued at $1,352,000 after acquiring an additional 39,838 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Yelp by 18.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 251,569 shares of the local business review company’s stock valued at $7,633,000 after acquiring an additional 39,585 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Yelp by 56.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 653,818 shares of the local business review company’s stock worth $19,870,000 after purchasing an additional 236,568 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Trading Down 2.1%

Shares of Yelp stock opened at $25.77 on Wednesday. Yelp Inc. has a 12-month low of $19.60 and a 12-month high of $35.39. The stock has a market capitalization of $1.42 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.46. The company has a 50-day simple moving average of $23.93 and a 200 day simple moving average of $25.18. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, May 7th. The local business review company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $361.46 million for the quarter, compared to analyst estimates of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. Research analysts expect that Yelp Inc. will post 1.85 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Christine Barone sold 15,507 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $22.95, for a total value of $355,885.65. Following the transaction, the director directly owned 15,928 shares of the company’s stock, valued at $365,547.60. The trade was a 49.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,507 shares of company stock valued at $402,481 in the last three months. Insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on YELP shares. Weiss Ratings restated a “sell (d+)” rating on shares of Yelp in a research note on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Robert W. Baird set a $28.00 target price on Yelp in a report on Friday, May 8th. Zacks Research upgraded Yelp from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Evercore set a $30.00 price target on Yelp in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Yelp presently has an average rating of “Reduce” and an average target price of $27.88.

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.