CWA Asset Management Group LLC Has $495,000 Stock Position in Yelp Inc. (NYSE:YELP)

CWA Asset Management Group LLC boosted its position in Yelp Inc. (NYSE:YELP) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,796 shares of the local business review company’s stock after acquiring an additional 2,423 shares during the period. CWA Asset Management Group LLC’s holdings in Yelp were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in shares of Yelp by 12.7% in the 2nd quarter. Natixis Advisors LLC now owns 15,253 shares of the local business review company’s stock worth $564,000 after purchasing an additional 1,722 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Yelp by 79.7% in the second quarter. TD Asset Management Inc now owns 56,800 shares of the local business review company’s stock valued at $2,099,000 after buying an additional 25,200 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock valued at $1,001,000 after buying an additional 15,451 shares during the last quarter. American Century Companies Inc. increased its position in shares of Yelp by 6.1% during the second quarter. American Century Companies Inc. now owns 106,972 shares of the local business review company’s stock worth $3,953,000 after acquiring an additional 6,191 shares in the last quarter. Finally, BOKF NA acquired a new stake in shares of Yelp in the 2nd quarter worth about $316,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Transactions at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00. Following the sale, the insider now directly owns 184,558 shares of the company’s stock, valued at $7,022,431.90. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Carmen Amara sold 12,854 shares of Yelp stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares of the company’s stock, valued at $3,389,992.21. The trade was a 12.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,865 shares of company stock worth $1,734,268 in the last quarter. Insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Robert W. Baird decreased 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. Bank of America initiated coverage on Yelp in a research note on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. The Goldman Sachs Group lowered shares of 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. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.00.

Yelp Stock Performance

NYSE YELP opened at $38.99 on Thursday. The company has a market capitalization of $2.57 billion, a PE ratio of 23.35, a price-to-earnings-growth 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 50-day simple moving average of $37.89 and a 200 day simple 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.