Pacer Advisors Inc. Sells 536,328 Shares of Yelp Inc. (NYSE:YELP)

Pacer Advisors Inc. lowered its holdings in shares of Yelp Inc. (NYSE:YELP) by 19.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,207,571 shares of the local business review company’s stock after selling 536,328 shares during the period. Pacer Advisors Inc. owned about 3.35% of Yelp worth $85,433,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of YELP. FMR LLC increased its holdings in shares of Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after purchasing an additional 78,585 shares in the last quarter. Barclays PLC lifted its holdings in Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after purchasing an additional 124,561 shares in the last quarter. Algert Global LLC boosted its holdings in Yelp by 7.5% in the 3rd quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock worth $7,159,000 after buying an additional 14,213 shares during the period. FORA Capital LLC bought a new position in Yelp in the 3rd quarter worth approximately $732,000. Finally, Ceera Investments LLC boosted its position in shares of Yelp by 10.0% during the third quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock worth $6,701,000 after acquiring an additional 17,420 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on YELP. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. Robert W. Baird lowered their price target 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 lowered Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley raised their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Two 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.com, the stock has an average rating of “Hold” and a consensus target price of $37.17.

Yelp Stock Down 0.7 %

Yelp stock opened at $38.76 on Monday. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $45.91. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.54 and a beta of 1.34. The business has a 50 day moving average price of $38.73 and a two-hundred day moving average price of $36.19.

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

Insider Buying and Selling at Yelp

In related news, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider now owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This represents a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,865 shares of company stock worth $2,167,768. Insiders own 7.40% of the company’s stock.

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.