Robeco Institutional Asset Management B.V. Increases Position in Yelp Inc. $YELP

Robeco Institutional Asset Management B.V. increased its holdings in Yelp Inc. (NYSE:YELP) by 18.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 417,250 shares of the local business review company’s stock after acquiring an additional 63,848 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Yelp were worth $13,018,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of YELP. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Yelp during the 2nd quarter worth approximately $28,000. MAI Capital Management grew its position in shares of Yelp by 1,102.0% during the second quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock worth $41,000 after buying an additional 1,102 shares in the last quarter. Strs Ohio acquired a new stake in shares of Yelp during the first quarter worth approximately $56,000. Advisors Asset Management Inc. increased its stake in shares of Yelp by 83.4% in the first quarter. Advisors Asset Management Inc. now owns 2,670 shares of the local business review company’s stock worth $99,000 after buying an additional 1,214 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Yelp by 33.3% in the second quarter. Blue Trust Inc. now owns 4,537 shares of the local business review company’s stock valued at $155,000 after acquiring an additional 1,133 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Activity

In other news, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $30.43, for a total transaction of $36,516.00. Following the completion of the transaction, the insider owned 192,079 shares in the company, valued at approximately $5,844,963.97. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Barone sold 15,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the sale, the director directly owned 31,435 shares in the company, valued at approximately $943,050. This trade represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 56,406 shares of company stock worth $1,734,100. 8.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on YELP shares. Evercore ISI decreased their price objective on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, November 10th. JPMorgan Chase & Co. decreased their price target on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Zacks Research lowered Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Jefferies Financial Group increased their target price on Yelp from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group set a $33.00 target price on Yelp in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $32.17.

Yelp Stock Up 0.0%

Shares of YELP stock opened at $30.30 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of 13.41, a PEG ratio of 0.56 and a beta of 0.55. The business has a 50 day moving average of $30.03 and a two-hundred day moving average of $31.84. Yelp Inc. has a 52 week low of $27.29 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.14. Yelp had a return on equity of 20.33% and a net margin of 10.23%.The business had revenue of $376.04 million for the quarter, compared to the consensus estimate of $368.39 million. During the same quarter last year, the business posted $0.56 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

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.