Avion Wealth Purchases 864 Shares of Yelp Inc. (NYSE:YELP)

Avion Wealth grew its position in Yelp Inc. (NYSE:YELP) by 1,963.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 908 shares of the local business review company’s stock after acquiring an additional 864 shares during the period. Avion Wealth’s holdings in Yelp were worth $35,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after acquiring an additional 474 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after acquiring an additional 405 shares during the last quarter. Signaturefd LLC boosted its position in shares of Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after acquiring an additional 583 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in shares of Yelp during the third quarter worth $54,000. 90.11% of the stock is currently owned by institutional investors.

Yelp Price Performance

YELP stock opened at $40.07 on Wednesday. The company has a market capitalization of $2.64 billion, a PE ratio of 23.99, a P/E/G ratio of 0.55 and a beta of 1.33. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $45.91. The firm’s 50-day moving average is $39.46 and its 200 day moving average is $36.47.

Insider Buying and Selling

In other Yelp news, CTO Sam Eaton sold 10,744 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the transaction, the chief technology officer now directly owns 122,480 shares in the company, valued at $4,301,497.60. This represents a 8.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the transaction, the insider now owns 182,558 shares in the company, valued at approximately $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,011 shares of company stock valued at $1,677,131 in the last 90 days. Company insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird dropped their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Finally, Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Two equities research 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.17.

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.