Rhumbline Advisers Trims Holdings in Yelp Inc. $YELP

Rhumbline Advisers reduced its position in shares of Yelp Inc. (NYSE:YELP) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,271 shares of the local business review company’s stock after selling 3,255 shares during the period. Rhumbline Advisers’ holdings in Yelp were worth $6,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming raised its position in shares of Yelp by 3.5% during the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company’s stock valued at $349,000 after acquiring an additional 307 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Yelp by 7.4% during the 1st quarter. Hancock Whitney Corp now owns 6,986 shares of the local business review company’s stock valued at $259,000 after acquiring an additional 480 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock valued at $2,828,000 after acquiring an additional 506 shares in the last quarter. Signaturefd LLC raised its position in shares of Yelp by 47.3% during the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company’s stock valued at $72,000 after acquiring an additional 622 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Yelp by 57.7% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company’s stock valued at $64,000 after acquiring an additional 631 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yelp

In related news, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $31.43, for a total transaction of $314,300.00. Following the completion of the transaction, the chief financial officer owned 180,196 shares of the company’s stock, valued at $5,663,560.28. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Carmen Amara sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $48,495.00. Following the transaction, the insider directly owned 85,566 shares of the company’s stock, valued at $2,766,348.78. This represents a 1.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,494 shares of company stock worth $1,305,389. Corporate insiders own 8.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Bank of America dropped their target price on Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Yelp currently has a consensus rating of “Reduce” and a consensus target price of $34.00.

Yelp Stock Performance

Shares of YELP opened at $30.94 on Friday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.03. Yelp Inc. has a one year low of $29.96 and a one year high of $41.72. The stock’s fifty day moving average is $32.91 and its 200-day moving average is $34.82.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $365.71 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

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.