Los Angeles Capital Management LLC Has $370,000 Stake in Yelp Inc. (NYSE:YELP)

Los Angeles Capital Management LLC trimmed its position in Yelp Inc. (NYSE:YELP) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,563 shares of the local business review company’s stock after selling 2,547 shares during the period. Los Angeles Capital Management LLC’s holdings in Yelp were worth $370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of YELP. Allworth Financial LP lifted its stake in Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth raised its holdings in shares of Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after purchasing an additional 474 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Yelp during the third quarter worth $54,000. Finally, GAMMA Investing LLC grew its position in Yelp by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after purchasing an additional 741 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Stock Performance

Yelp stock opened at $33.55 on Tuesday. The stock has a 50-day simple moving average of $38.77 and a 200 day simple moving average of $36.67. The stock has a market capitalization of $2.21 billion, a P/E ratio of 17.47, a PEG ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The company had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Activity

In other news, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the sale, the insider now owns 182,558 shares in the company, valued at $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.72, for a total value of $397,200.00. Following the transaction, the chief financial officer now owns 201,988 shares in the company, valued at approximately $8,022,963.36. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,989 shares of company stock valued at $2,037,447 over the last ninety days. 7.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Evercore ISI raised shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Robert W. Baird dropped their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Morgan Stanley increased their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Finally, StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Yelp presently has a consensus rating of “Hold” and a consensus target price of $37.17.

About Yelp

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.