Nisa Investment Advisors LLC Has $157,000 Position in Yelp Inc. (NYSE:YELP)

Nisa Investment Advisors LLC grew its holdings in Yelp Inc. (NYSE:YELPFree Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,063 shares of the local business review company’s stock after purchasing an additional 672 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Yelp were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ellsworth Advisors LLC bought a new stake in Yelp in the fourth quarter worth approximately $4,279,000. Assenagon Asset Management S.A. grew its position in shares of Yelp by 87.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company’s stock worth $19,659,000 after buying an additional 236,400 shares during the period. Fiduciary Financial Group LLC bought a new stake in shares of Yelp in the 4th quarter valued at $276,000. Mendota Financial Group LLC lifted its position in shares of Yelp by 93,166.7% during the 4th quarter. Mendota Financial Group LLC now owns 2,798 shares of the local business review company’s stock valued at $108,000 after acquiring an additional 2,795 shares during the period. Finally, Diversified Trust Co acquired a new position in shares of Yelp during the 4th quarter valued at $205,000. Institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on YELP shares. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Morgan Stanley raised their target price on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Robert W. Baird dropped their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.17.

Read Our Latest Research Report on Yelp

Yelp Stock Performance

Shares of YELP opened at $40.48 on Friday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 24.24, a P/E/G ratio of 0.54 and a beta of 1.34. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $45.91. The stock has a 50 day moving average price of $39.13 and a two-hundred day moving average price of $36.32.

Yelp (NYSE:YELPGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The local business review company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.16. Yelp had a return on equity of 16.02% and a net margin of 8.48%. The business had revenue of $360.34 million during the quarter, compared to the consensus estimate of $360.74 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. On average, equities analysts forecast that Yelp Inc. will post 1.8 earnings per share for the current year.

Insider Transactions at Yelp

In other Yelp news, insider Carmen Amara sold 12,854 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the transaction, the insider now owns 88,813 shares of the company’s stock, valued at approximately $3,389,992.21. The trade was a 12.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total value of $38,400.00. Following the sale, the insider now directly owns 182,558 shares of the company’s stock, valued at approximately $7,010,227.20. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,865 shares of company stock worth $2,167,768 in the last quarter. 7.40% of the stock is currently owned by corporate insiders.

About Yelp

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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