14,476 Shares in Yelp Inc. (NYSE:YELP) Purchased by Summit Global Investments

Summit Global Investments acquired a new position in shares of Yelp Inc. (NYSE:YELP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,476 shares of the local business review company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of YELP. Daiwa Securities Group Inc. bought a new position in Yelp in the 4th quarter worth about $43,000. International Assets Investment Management LLC lifted its stake in shares of Yelp by 4,634.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company’s stock worth $58,000 after buying an additional 1,205 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Yelp by 65.6% during the fourth quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company’s stock valued at $59,000 after buying an additional 495 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Yelp during the third quarter valued at approximately $134,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Yelp in the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

YELP has been the topic of several research analyst reports. Raymond James initiated coverage on shares of Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating on the stock. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Yelp has a consensus rating of “Hold” and a consensus target price of $41.75.

Yelp Stock Down 0.0 %

YELP opened at $39.99 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 29.62 and a beta of 1.44. The firm has a 50-day simple moving average of $39.19 and a two-hundred day simple moving average of $42.41. Yelp Inc. has a 52 week low of $26.53 and a 52 week 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 (EPS) for the quarter, hitting the consensus estimate of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The business had revenue of $342.38 million for the quarter, compared to analysts’ expectations of $341.83 million. During the same period in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts expect that Yelp Inc. will post 1.53 earnings per share for the current year.

Yelp 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.