CWA Asset Management Group LLC Purchases 2,423 Shares of Yelp Inc. (NYSE:YELP)

CWA Asset Management Group LLC raised its position in Yelp Inc. (NYSE:YELP) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,796 shares of the local business review company’s stock after purchasing an additional 2,423 shares during the period. CWA Asset Management Group LLC’s holdings in Yelp were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in YELP. Meeder Asset Management Inc. purchased a new position in Yelp in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC grew its position in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after acquiring an additional 405 shares in the last quarter. Signaturefd LLC increased its stake in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares during the last quarter. Finally, Quarry LP raised its position in Yelp by 153.4% during the second quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock valued at $49,000 after purchasing an additional 801 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on YELP shares. Robert W. Baird cut their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a research report on Monday, October 14th. Bank of America initiated coverage on shares of Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective for the company. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.00.

Insider Activity

In other news, insider Carmen Amara sold 12,854 shares of Yelp stock in a transaction that occurred 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 sale, the insider now directly owns 88,813 shares in the company, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $38.29, for a total value of $382,900.00. Following the transaction, the chief financial officer now directly owns 211,988 shares in the company, valued at $8,117,020.52. This trade represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,865 shares of company stock valued at $1,734,268. Insiders own 7.40% of the company’s stock.

Yelp Stock Down 0.9 %

NYSE:YELP opened at $38.99 on Thursday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 23.35, a P/E/G ratio of 0.71 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 company has a fifty day moving average of $37.89 and a 200 day moving average of $35.93.

About Yelp

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.