Yelp (YELP) Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in shares of Yelp (NYSE:YELP) by 177,924.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 322,224 shares of the local business review company’s stock after acquiring an additional 322,043 shares during the period. Clearbridge Investments LLC owned approximately 0.39% of Yelp worth $13,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Yelp by 10.4% in the fourth quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock valued at $232,190,000 after purchasing an additional 521,218 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Yelp by 9.5% in the fourth quarter. Allianz Asset Management GmbH now owns 3,201,061 shares of the local business review company’s stock valued at $134,317,000 after purchasing an additional 277,146 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Yelp by 6.5% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,544,615 shares of the local business review company’s stock valued at $106,772,000 after purchasing an additional 154,785 shares in the last quarter. Jackson Square Partners LLC lifted its holdings in shares of Yelp by 3.0% in the fourth quarter. Jackson Square Partners LLC now owns 2,133,435 shares of the local business review company’s stock valued at $89,518,000 after purchasing an additional 62,398 shares in the last quarter. Finally, Fine Capital Partners L.P. lifted its holdings in shares of Yelp by 24.7% in the third quarter. Fine Capital Partners L.P. now owns 1,365,462 shares of the local business review company’s stock valued at $59,125,000 after purchasing an additional 270,500 shares in the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.

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Shares of Yelp stock traded down $0.25 on Friday, hitting $42.08. The stock had a trading volume of 873,524 shares, compared to its average volume of 950,244. Yelp has a twelve month low of $26.93 and a twelve month high of $48.40. The company has a market capitalization of $3,512.59, a price-to-earnings ratio of 601.14, a PEG ratio of 6.48 and a beta of 1.12.

Yelp (NYSE:YELP) last posted its earnings results on Wednesday, February 7th. The local business review company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.16. Yelp had a return on equity of 0.23% and a net margin of 18.05%. The company had revenue of $218.25 million for the quarter, compared to the consensus estimate of $215.12 million. sell-side analysts predict that Yelp will post 0.25 EPS for the current year.

A number of brokerages have recently commented on YELP. Stifel Nicolaus cut their price target on Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, February 8th. SunTrust Banks set a $50.00 target price on Yelp and gave the company a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research reaffirmed a “hold” rating on shares of Yelp in a research report on Saturday, January 13th. Barclays lifted their target price on Yelp from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Yelp in a research report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $43.56.

In related news, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $43.63, for a total value of $567,190.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $46.38, for a total value of $278,280.00. Following the completion of the sale, the director now owns 10,055 shares of the company’s stock, valued at $466,350.90. The disclosure for this sale can be found here. Insiders sold 192,000 shares of company stock worth $8,291,015 in the last ninety days. 10.10% of the stock is owned by company insiders.

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Yelp 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.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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