1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its stake in Yelp Inc. (NYSE:YELP – Free Report) by 70.
7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,632 shares of the local business review company’s stock after purchasing an additional 249,231 shares during the quarter. JPMorgan Chase & Co.
owned about 0.91% of Yelp worth $23,283,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors also recently made changes to their positions in YELP.
Allworth Financial LP boosted its holdings 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 acquiring an additional 288 shares in the last quarter.
Avion Wealth raised its position in shares of Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares during the last quarter.
Fifth Third Bancorp boosted 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 worth $42,000 after purchasing an additional 474 shares in the last quarter.
GAMMA Investing LLC grew its position in Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after purchasing an additional 741 shares during the last quarter.
Finally, Asset Management One Co. Ltd. increased its stake in 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 valued at $70,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.
Yelp Stock PerformanceNYSE:YELP opened at $35.72 on Thursday. The stock has a 50-day simple moving average of $36.
39 and a two-hundred day simple moving average of $36.92. The firm has a market capitalization of $2.
32 billion, a PE ratio of 18.60, a P/E/G ratio of 0.76 and a beta of 1.
08. Yelp Inc. has a 52-week low of $32.
56 and a 52-week high of $41.72. Yelp (NYSE:YELP – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th.
The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $350.
73 million. Equities analysts forecast that Yelp Inc. will post 2.
22 earnings per share for the current fiscal year. Analyst Ratings ChangesSeparately, Morgan Stanley upped their price objective on Yelp from $34.00 to $35.
00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.
17.Read Our Latest Stock Analysis on YelpInsider ActivityIn other Yelp news, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $38.
40, for a total value of $38,400.00. Following the sale, the insider now owns 182,558 shares in the company, valued at $7,010,227.
20. The trade was a 0.54 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th.
The shares were sold at an average price of $39.51, for a total transaction of $395,100.00.
Following the transaction, the chief financial officer now directly owns 191,988 shares of the company’s stock, valued at $7,585,445.88. This trade represents a 4.
95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,727 shares of company stock worth $2,081,667 over the last ninety days.
Corporate insiders own 7.40% of the company’s stock. About Yelp (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.Read MoreFive stocks we like better than YelpDiversification Can Smooth Returns And Mitigate Portfolio RiskQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreCD Calculator: Certificate of Deposit Calculator Are Tariffs Threatening Disney’s Comeback Story?What to Know About Investing in Penny StocksIs Alphabet a Generational Buying Opportunity at These Levels?.
