Fisher Asset Management LLC Has $38.29 Million Holdings in Yelp Inc. (NYSE:YELP)

Fisher Asset Management LLC trimmed its holdings in Yelp Inc. (NYSE:YELP) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 989,376 shares of the local business review company’s stock after selling 51,743 shares during the period. Fisher Asset Management LLC owned 1.50% of Yelp worth $38,289,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP raised its stake in Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the period. Avion Wealth raised its position in shares of Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 864 shares during the period. Fifth Third Bancorp raised its position in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Yelp during the 3rd quarter worth about $54,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock worth $66,000 after buying an additional 741 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Sam Eaton sold 21,989 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now directly owns 153,159 shares in the company, valued at $5,467,776.30. This represents a 12.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.99, for a total value of $37,990.00. Following the completion of the transaction, the insider now owns 183,558 shares in the company, valued at approximately $6,973,368.42. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,989 shares of company stock worth $2,037,447. Corporate insiders own 7.40% of the company’s stock.

Yelp Price Performance

Shares of NYSE YELP opened at $34.27 on Monday. The stock has a market capitalization of $2.26 billion, a PE ratio of 17.85, a P/E/G ratio of 0.76 and a beta of 1.33. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The business has a fifty day moving average price of $38.77 and a two-hundred day moving average price of $36.67.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The business had revenue of $361.95 million during the quarter, compared to analysts’ expectations of $350.73 million. On average, equities analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley upped their price objective on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Robert W. Baird dropped their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.17.

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.