2 weeks Ago By ABMN Staff
Invesco Ltd. increased its holdings in shares of Yelp Inc. ( NYSE:YELP – Free Report ) by 13.
7% during the 4th quarter, Holdings Channel.com reports. The fund owned 329,889 shares of the local business review company’s stock after buying an additional 39,736 shares during the period.
Invesco Ltd.’s holdings in Yelp were worth $12,767,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors have also recently bought and sold shares of the business.
Asset Management One Co. Ltd. raised its position in shares of Yelp by 16.
9% during the 4th quarter. Asset Management One Co. Ltd.
now owns 1,815 shares of the local business review company’s stock worth $70,000 after purchasing an additional 263 shares during the period. Allworth Financial LP increased its position in Yelp by 82.5% in the fourth quarter.
Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after buying an additional 288 shares during the period. Fifth Third Bancorp lifted its stake in Yelp by 76.5% in the fourth 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. Hillsdale Investment Management Inc. boosted its holdings in shares of Yelp by 0.
5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 124,016 shares of the local business review company’s stock valued at $4,799,000 after acquiring an additional 600 shares during the period.
Finally, Nisa Investment Advisors LLC increased its holdings in shares of Yelp by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company’s stock worth $157,000 after acquiring an additional 672 shares during the period.
Institutional investors own 90.11% of the company’s stock. Insider Activity In related news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction on Monday, February 24th.
The stock was sold at an average price of $35.75, for a total value of $35,750.00.
Following the transaction, the insider now directly owns 211,558 shares in the company, valued at $7,563,198.50. The trade was a 0.
47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, insider Carmen Amara sold 1,500 shares of the company’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 sale, the insider now directly owns 107,207 shares of the company’s stock, valued at approximately $3,554,984.12. This represents a 1.
38 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last quarter, insiders sold 57,727 shares of company stock worth $2,029,667.
Corporate insiders own 7.40% of the company’s stock. Yelp Price Performance Yelp ( NYSE:YELP – Get Free Report ) last posted its quarterly earnings data on Thursday, February 13th.
The local business review company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.
09. Yelp had a return on equity of 18.07% and a net margin of 9.
41%. The company had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.
73 million. On average, analysts forecast that Yelp Inc. will post 2.
22 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades Separately, Morgan Stanley decreased their target price on shares of Yelp from $35.00 to $30.
00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average price target of $36.33. Get Our Latest Report on YELP Yelp Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding YELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yelp Inc.
( NYSE:YELP – Free Report ). Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter .
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