Yelp Inc. (NYSE:YELP) Shares Acquired by US Bancorp DE

US Bancorp DE increased its position in Yelp Inc. (NYSE:YELP) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,546 shares of the local business review company’s stock after buying an additional 3,101 shares during the period. US Bancorp DE’s holdings in Yelp were worth $686,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in YELP. BNP Paribas Financial Markets lifted its position in shares of Yelp by 9.0% in the 1st quarter. BNP Paribas Financial Markets now owns 63,126 shares of the local business review company’s stock worth $2,487,000 after buying an additional 5,234 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Yelp by 633.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the local business review company’s stock worth $260,000 after buying an additional 5,700 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in Yelp by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 59,927 shares of the local business review company’s stock worth $2,361,000 after purchasing an additional 776 shares during the period. Duality Advisers LP bought a new stake in shares of Yelp during the 1st quarter worth $235,000. Finally, SG Americas Securities LLC grew its position in shares of Yelp by 207.2% in the first quarter. SG Americas Securities LLC now owns 12,804 shares of the local business review company’s stock valued at $504,000 after purchasing an additional 8,636 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling

In related news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at approximately $5,080,985. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Sam Eaton sold 10,776 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at approximately $5,080,985. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the transaction, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

Yelp Price Performance

Shares of YELP stock opened at $35.93 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 21.51, a PEG ratio of 0.84 and a beta of 1.33. The business’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $35.73. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.98 million. Yelp had a return on equity of 18.71% and a net margin of 10.01%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, research analysts expect that Yelp Inc. will post 1.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on YELP shares. Bank of America assumed coverage on Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. Wolfe Research started coverage on shares of Yelp in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their target price on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com cut Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.00.

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.