Wells Fargo & Company MN raised its position in Yelp (NYSE:YELP) by 202.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362,804 shares of the local business review company’s stock after purchasing an additional 242,842 shares during the quarter. Wells Fargo & Company MN owned about 0.44% of Yelp worth $15,224,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of YELP. Oppenheimer Asset Management Inc. boosted its holdings in Yelp by 28,585.7% in 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 purchasing an additional 4,002 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 valued at $178,000 after acquiring an additional 1,337 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Yelp in the 3rd quarter valued at approximately $204,000. Turner Investments LLC purchased a new stake in shares of Yelp in the 3rd quarter valued at approximately $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yelp in the 3rd quarter valued at approximately $222,000. Institutional investors own 87.82% of the company’s stock.
Shares of Yelp stock 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 PEG ratio of 6.46 and a beta of 1.12. Yelp has a one year low of $26.93 and a one year high of $48.40.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.16. The business had revenue of $218.25 million during the quarter, compared to the consensus estimate of $215.12 million. Yelp had a net margin of 18.05% and a return on equity of 0.23%. sell-side analysts expect that Yelp will post 0.25 earnings per share for the current year.
In other news, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $43.63, for a total value of $567,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joseph R. Nachman sold 14,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $41.84, for a total transaction of $606,680.00. Following the completion of the transaction, the chief operating officer now owns 127,855 shares of the company’s stock, valued at approximately $5,349,453.20. 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 quarter. Insiders own 10.10% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, February 8th. SunTrust Banks set a $50.00 price target on shares of Yelp and gave the company a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research reaffirmed a “hold” rating on shares of Yelp in a research note on Saturday, January 13th. Barclays upped their target price on shares of Yelp from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Yelp in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.56.
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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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