denkapparat Operations GmbH Takes Position in Yelp Inc. (NYSE:YELP)

denkapparat Operations GmbH bought a new position in shares of Yelp Inc. (NYSE:YELP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,186 shares of the local business review company’s stock, valued at approximately $394,000.

Several other institutional investors also recently bought and sold shares of YELP. Allworth Financial LP lifted its stake in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth increased its holdings in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Yelp by 76.5% in the 4th 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 in the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $66,000 after buying an additional 741 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Yelp by 16.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after buying an additional 263 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Yelp Stock Performance

YELP stock opened at $38.01 on Friday. The stock’s fifty day moving average is $37.33 and its two-hundred day moving average is $36.77. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $350.73 million. As a group, analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.17.

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, January 15th. The shares were sold at an average price of $39.51, for a total value of $395,100.00. Following the transaction, the chief financial officer now directly owns 191,988 shares of the company’s stock, valued at $7,585,445.88. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $36.34, for a total transaction of $36,340.00. Following the completion of the transaction, the insider now owns 223,512 shares in the company, valued at approximately $8,122,426.08. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,727 shares of company stock valued at $2,081,667 over the last three months. Company 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.