Jupiter Asset Management Ltd. Grows Holdings in Yelp Inc. $YELP

Jupiter Asset Management Ltd. grew its position in shares of Yelp Inc. (NYSE:YELP) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 847,994 shares of the local business review company’s stock after purchasing an additional 94,821 shares during the period. Jupiter Asset Management Ltd.’s holdings in Yelp were worth $26,457,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of YELP. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Yelp during the second quarter valued at approximately $28,000. Bfsg LLC grew its stake in Yelp by 110.3% in 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 during the period. MAI Capital Management raised its holdings in Yelp by 1,102.0% in the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 1,102 shares during the last quarter. Strs Ohio purchased a new position in shares of Yelp during the 1st quarter worth $56,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Yelp by 14.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,056 shares of the local business review company’s stock worth $105,000 after purchasing an additional 386 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Activity at Yelp

In other news, insider Craig Saldanha sold 1,200 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $27.40, for a total value of $32,880.00. Following the completion of the sale, the insider owned 190,879 shares of the company’s stock, valued at $5,230,084.60. 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 available at this hyperlink. Also, CEO Jeremy Stoppelman sold 6,200 shares of Yelp stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $24.20, for a total transaction of $150,040.00. Following the transaction, the chief executive officer owned 964,827 shares in the company, valued at $23,348,813.40. The trade was a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 261,106 shares of company stock valued at $7,260,184. 8.00% of the stock is owned by insiders.

Yelp Price Performance

Shares of NYSE:YELP opened at $21.28 on Friday. The business has a 50-day moving average of $27.68 and a two-hundred day moving average of $29.98. The firm has a market capitalization of $1.31 billion, a PE ratio of 9.46, a P/E/G ratio of 0.53 and a beta of 0.55. Yelp Inc. has a 12 month low of $19.61 and a 12 month high of $41.22.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, February 12th. The local business review company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.14. The business had revenue of $359.99 million for the quarter, compared to analyst estimates of $358.70 million. Yelp had a return on equity of 19.96% and a net margin of 9.94%.The company’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. As a group, research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on YELP shares. Wall Street Zen downgraded Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Jefferies Financial Group raised their price target on Yelp from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Evercore dropped their price objective on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their price objective on shares of Yelp from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Weiss Ratings cut shares of Yelp from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Yelp currently has a consensus rating of “Reduce” and a consensus price target of $28.50.

Yelp Company 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.