Inceptionr LLC Acquires Shares of 14,300 Yelp Inc. (NYSE:YELP)

Inceptionr LLC acquired a new stake in Yelp Inc. (NYSE:YELP) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 14,300 shares of the local business review company’s stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YELP. Allworth Financial LP increased 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 buying an additional 288 shares during the last quarter. Avion Wealth increased its stake in Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after buying an additional 864 shares during the last quarter. Fifth Third Bancorp increased its stake in 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 buying an additional 474 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in Yelp in the 3rd quarter valued at about $54,000. Finally, GAMMA Investing LLC increased its stake in Yelp by 75.9% in 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. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Trading Up 3.4 %

YELP opened at $35.11 on Friday. The company has a 50 day moving average of $38.34 and a 200 day moving average of $36.63. The company has a market cap of $2.31 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $41.72.

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

Insider Buying and Selling

In other Yelp news, insider Carmen Amara sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the transaction, the insider now directly owns 107,207 shares of the company’s stock, valued at $3,554,984.12. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00. Following the completion of the transaction, the insider now directly owns 183,558 shares of the company’s stock, valued at approximately $6,973,368.42. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,489 shares of company stock valued at $2,087,187. Company insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

YELP has been the subject of several research analyst reports. Morgan Stanley raised their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird decreased their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. 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 given a strong buy rating to the company. According to MarketBeat.com, Yelp currently has a consensus 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.