The Manufacturers Life Insurance Company boosted its stake in Yelp (NYSE:YELP) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,615 shares of the local business review company’s stock after purchasing an additional 3,784 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Yelp worth $2,627,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Yelp by 28,585.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after buying an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Yelp by 46.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after purchasing an additional 1,337 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in Yelp in the 3rd quarter worth approximately $204,000. Turner Investments LLC purchased a new position in Yelp in the 3rd quarter worth approximately $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Yelp in the 3rd quarter worth approximately $222,000. 87.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE YELP opened at $42.08 on Friday. The firm has a market cap of $3,500.06, a price-to-earnings ratio of 601.14, a P/E/G ratio of 6.46 and a beta of 1.12. Yelp has a 12-month low of $26.93 and a 12-month high of $48.40.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.16. The firm had revenue of $218.25 million during the quarter, compared to analysts’ expectations of $215.12 million. Yelp had a return on equity of 0.23% and a net margin of 18.05%. equities research analysts forecast that Yelp will post 0.25 earnings per share for the current fiscal year.
In related news, COO Joseph R. Nachman sold 14,500 shares of Yelp stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $45.33, for a total value of $657,285.00. Following the completion of the transaction, the chief operating officer now owns 142,355 shares in the company, valued at approximately $6,452,952.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $39.62, for a total value of $237,720.00. Following the completion of the transaction, the director now owns 9,590 shares of the company’s stock, valued at approximately $379,955.80. The disclosure for this sale can be found here. Insiders sold a total of 192,000 shares of company stock valued at $8,291,015 in the last 90 days. 10.10% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. Zacks Investment Research raised Yelp from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. ValuEngine lowered Yelp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus dropped their target price on Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, February 8th. B. Riley reissued a “neutral” rating on shares of Yelp in a report on Tuesday, February 6th. Finally, Bank of America boosted their target price on Yelp from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.56.
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Yelp Company Profile
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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