Bank of New Hampshire Decreases Stake in Yelp Inc. (NYSE:YELP)

Bank of New Hampshire reduced its stake in shares of Yelp Inc. (NYSE:YELP) by 26.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,548 shares of the local business review company’s stock after selling 917 shares during the period. Bank of New Hampshire’s holdings in Yelp were worth $100,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in YELP. Dimensional Fund Advisors LP raised its stake in shares of Yelp by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,994,129 shares of the local business review company’s stock worth $94,402,000 after buying an additional 13,790 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Yelp by 65.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,215,355 shares of the local business review company’s stock worth $57,535,000 after buying an additional 482,242 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Yelp by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,019,944 shares of the local business review company’s stock worth $48,284,000 after buying an additional 12,511 shares during the last quarter. Goodnow Investment Group LLC raised its stake in shares of Yelp by 1.3% during the 4th quarter. Goodnow Investment Group LLC now owns 641,660 shares of the local business review company’s stock worth $30,376,000 after buying an additional 7,940 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Yelp by 186.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 463,505 shares of the local business review company’s stock worth $21,942,000 after buying an additional 301,715 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Yelp Stock Down 0.0 %

NYSE YELP opened at $36.00 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of 22.93 and a beta of 1.35. Yelp Inc. has a fifty-two week low of $34.92 and a fifty-two week high of $48.99. The business has a 50 day moving average price of $37.96 and a two-hundred day moving average price of $40.79.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $332.75 million during the quarter, compared to analysts’ expectations of $333.66 million. Yelp had a return on equity of 15.69% and a net margin of 8.44%. Sell-side analysts anticipate that Yelp Inc. will post 1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

YELP has been the subject of several research reports. Raymond James began coverage on Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating for the company. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Robert W. Baird cut their target price on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Finally, Craig Hallum cut their target price on shares of Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Yelp currently has a consensus rating of “Hold” and a consensus price target of $40.67.

Insider Buying and Selling at Yelp

In other Yelp news, COO Joseph R. Nachman sold 4,941 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $36.53, for a total value of $180,494.73. Following the transaction, the chief operating officer now directly owns 295,842 shares of the company’s stock, valued at approximately $10,807,108.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CTO Sam Eaton sold 26,718 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $36.62, for a total transaction of $978,413.16. Following the sale, the chief technology officer now directly owns 167,861 shares of the company’s stock, valued at approximately $6,147,069.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joseph R. Nachman sold 4,941 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total value of $180,494.73. Following the sale, the chief operating officer now directly owns 295,842 shares in the company, valued at $10,807,108.26. The disclosure for this sale can be found here. Insiders have sold a total of 49,818 shares of company stock valued at $1,855,643 in the last three months. Corporate insiders own 7.40% of the company’s stock.

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.