Yelp Inc. (NYSE:YELP) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC grew its position in Yelp Inc. (NYSE:YELP) by 69.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,295 shares of the local business review company’s stock after purchasing an additional 5,037 shares during the period. EntryPoint Capital LLC’s holdings in Yelp were worth $476,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FMR LLC increased its holdings in 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 buying an additional 78,585 shares during the period. Barclays PLC increased its stake in shares of Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after acquiring an additional 124,561 shares during the period. FORA Capital LLC purchased a new position in shares of Yelp during the third quarter worth $732,000. Bristlecone Advisors LLC purchased a new position in shares of Yelp during the fourth quarter worth $1,197,000. Finally, Intech Investment Management LLC acquired a new position in Yelp during the third quarter valued at $745,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the sale, the chief financial officer now directly owns 242,916 shares of the company’s stock, valued at $8,453,476.80. The trade was a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the sale, the insider now owns 107,207 shares of the company’s stock, valued at $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,727 shares of company stock valued at $2,081,667. 7.40% of the stock is owned by corporate insiders.

Yelp Stock Performance

Shares of Yelp stock opened at $37.50 on Wednesday. The firm has a 50-day simple moving average of $37.41 and a two-hundred day simple moving average of $36.75. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The company has a market cap of $2.44 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.

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

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted their price objective on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two 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. According to data from MarketBeat, Yelp presently has a consensus rating of “Hold” and a consensus price target of $37.17.

Yelp Company 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.