Vident Advisory LLC Has $4.28 Million Holdings in Yelp Inc. (NYSE:YELP)

Vident Advisory LLC boosted its stake in shares of Yelp Inc. (NYSE:YELP) by 49.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,663 shares of the local business review company’s stock after buying an additional 36,168 shares during the period. Vident Advisory LLC’s holdings in Yelp were worth $4,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gladius Capital Management LP grew its stake in Yelp by 10.8% during the 4th quarter. Gladius Capital Management LP now owns 2,835 shares of the local business review company’s stock valued at $134,000 after acquiring an additional 276 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Yelp by 0.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock valued at $3,398,000 after buying an additional 288 shares in the last quarter. Meritage Portfolio Management grew its stake in shares of Yelp by 2.2% in the 4th quarter. Meritage Portfolio Management now owns 14,121 shares of the local business review company’s stock valued at $668,000 after buying an additional 308 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Yelp by 38.7% in the 4th quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company’s stock valued at $71,000 after buying an additional 418 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Yelp by 1.0% in the 4th quarter. Teacher Retirement System of Texas now owns 46,103 shares of the local business review company’s stock valued at $2,183,000 after buying an additional 471 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Transactions at Yelp

In other news, insider Carmen Orr sold 14,984 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $38.00, for a total transaction of $569,392.00. Following the sale, the insider now owns 110,011 shares in the company, valued at $4,180,418. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Carmen Orr sold 14,984 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $38.00, for a total value of $569,392.00. Following the transaction, the insider now owns 110,011 shares in the company, valued at $4,180,418. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Sam Eaton sold 26,718 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $36.62, for a total value of $978,413.16. Following the completion of the transaction, the chief technology officer now owns 167,861 shares in the company, valued at approximately $6,147,069.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,068 shares of company stock worth $1,997,590. Insiders own 7.40% of the company’s stock.

Yelp Stock Down 0.5 %

NYSE:YELP traded down $0.18 during trading hours on Friday, reaching $36.03. The company had a trading volume of 158,053 shares, compared to its average volume of 721,437. The stock has a 50-day moving average of $36.52 and a two-hundred day moving average of $39.20. Yelp Inc. has a one year low of $34.76 and a one year high of $48.99. The firm has a market capitalization of $2.43 billion, a PE ratio of 23.24 and a beta of 1.33.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. Yelp had a return on equity of 15.69% and a net margin of 8.44%. The firm had revenue of $332.75 million for the quarter, compared to analysts’ expectations of $333.66 million. As a group, sell-side analysts expect that Yelp Inc. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley boosted their price target on Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday. Craig Hallum lowered their price target on Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Robert W. Baird decreased their target price on Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Finally, Wolfe Research initiated coverage on Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.33.

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.