Amundi Has $3.29 Million Holdings in Yelp Inc. (NYSE:YELP)

Amundi lessened its stake in Yelp Inc. (NYSE:YELP) by 62.4% in the 4th quarter, HoldingsChannel reports. The fund owned 84,227 shares of the local business review company’s stock after selling 140,009 shares during the quarter. Amundi’s holdings in Yelp were worth $3,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in YELP. Haven Private LLC bought a new position in shares of Yelp in the 4th quarter valued at about $396,000. Inceptionr LLC bought a new position in shares of Yelp in the 4th quarter valued at about $553,000. Raymond James Financial Inc. bought a new position in shares of Yelp in the 4th quarter valued at about $3,189,000. Proficio Capital Partners LLC bought a new position in shares of Yelp in the 4th quarter valued at about $704,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Yelp by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 173,175 shares of the local business review company’s stock valued at $6,702,000 after purchasing an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Price Performance

Yelp stock opened at $35.04 on Monday. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The company’s 50 day simple moving average is $37.86 and its 200 day simple moving average is $36.68. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. As a group, analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at Yelp

In other news, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction that occurred 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 sale, the insider now directly owns 107,207 shares in the company, valued at $3,554,984.12. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction that occurred 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 sale, the insider now owns 183,558 shares in the company, valued at $6,973,368.42. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,727 shares of company stock valued at $2,083,317. 7.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Morgan Stanley raised their target price 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.