Gotham Asset Management LLC Sells 6,384 Shares of Yelp Inc. (NYSE:YELP)

Gotham Asset Management LLC reduced its position in Yelp Inc. (NYSE:YELP) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,903 shares of the local business review company’s stock after selling 6,384 shares during the quarter. Gotham Asset Management LLC owned 0.06% of Yelp worth $1,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after purchasing an additional 288 shares in the last quarter. Avion Wealth boosted its holdings in shares of Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Yelp by 76.5% in the 4th 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 in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after purchasing an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Yelp by 445.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company’s stock worth $80,000 after purchasing an additional 1,683 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $34.45, for a total transaction of $34,450.00. Following the transaction, the insider now owns 222,512 shares in the company, valued at approximately $7,665,538.40. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Sam Eaton sold 21,989 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the transaction, the chief technology officer now owns 153,159 shares in the company, valued at $5,467,776.30. This trade represents a 12.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,727 shares of company stock valued at $2,025,717 in the last 90 days. Insiders own 8.00% of the company’s stock.

Yelp Trading Down 1.0%

NYSE YELP opened at $39.16 on Friday. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $37.17. The firm has a market cap of $2.55 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. Yelp Inc. has a 1-year low of $32.29 and a 1-year high of $41.72.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to analyst estimates of $353.48 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. Yelp’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. As a group, equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on YELP. Morgan Stanley lowered their target price on Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Yelp currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Yelp Company 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.