Yousif Capital Management LLC Buys 1,236 Shares of Yelp Inc. (NYSE:YELP)

Yousif Capital Management LLC lifted its stake in Yelp Inc. (NYSE:YELP) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,240 shares of the local business review company’s stock after buying an additional 1,236 shares during the period. Yousif Capital Management LLC’s holdings in Yelp were worth $1,668,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. bought a new stake in shares of Yelp in the fourth quarter valued at about $43,000. International Assets Investment Management LLC lifted its stake in shares of Yelp by 4,634.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company’s stock valued at $58,000 after buying an additional 1,205 shares during the period. Blue Trust Inc. lifted its stake in shares of Yelp by 65.6% in the fourth quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company’s stock valued at $59,000 after buying an additional 495 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Yelp in the third quarter valued at about $134,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Yelp in the third quarter valued at about $203,000. Institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

YELP has been the subject of a number of analyst reports. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Raymond James initiated coverage on Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Yelp presently has a consensus rating of “Hold” and an average price target of $41.75.

Yelp Trading Up 0.5 %

NYSE:YELP opened at $40.44 on Thursday. Yelp Inc. has a 1-year low of $26.53 and a 1-year high of $48.99. The business’s 50-day moving average price is $38.97 and its two-hundred day moving average price is $42.48. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 29.96 and a beta of 1.44.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The firm had revenue of $342.38 million for the quarter, compared to analyst estimates of $341.83 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Sell-side analysts predict that Yelp Inc. will post 1.53 earnings per share for the current year.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 2,750 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the transaction, the chief financial officer now owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO David A. Schwarzbach sold 2,750 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the sale, the chief financial officer now owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $38.83, for a total value of $232,980.00. Following the sale, the chief operating officer now directly owns 312,502 shares in the company, valued at approximately $12,134,452.66. The disclosure for this sale can be found here. Insiders own 7.20% 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.