1 week Ago By ABMN Staff
Norges Bank bought a new position in Yelp Inc. ( NYSE:YELP – Free Report ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 192,632 shares of the local business review company’s stock, valued at approximately $7,455,000.
A number of other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Yelp by 70.
7% in the fourth quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company’s stock worth $23,283,000 after purchasing an additional 249,231 shares during the last quarter.
Mendel Money Management grew its stake in shares of Yelp by 12.7% in the 4th quarter. Mendel Money Management now owns 21,998 shares of the local business review company’s stock worth $851,000 after buying an additional 2,485 shares in the last quarter.
Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Yelp by 4.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 233,131 shares of the local business review company’s stock worth $9,022,000 after buying an additional 8,861 shares during the last quarter.
EntryPoint Capital LLC raised its position in shares of Yelp by 69.4% during the 4th quarter. EntryPoint Capital LLC now owns 12,295 shares of the local business review company’s stock valued at $476,000 after buying an additional 5,037 shares in the last quarter.
Finally, LPL Financial LLC lifted its holdings in shares of Yelp by 93.3% in the 4th quarter. LPL Financial LLC now owns 12,743 shares of the local business review company’s stock valued at $493,000 after acquiring an additional 6,150 shares during the last quarter.
90.11% of the stock is currently owned by hedge funds and other institutional investors. Yelp Trading Down 1.
9 % Shares of NYSE:YELP opened at $32.77 on Wednesday. Yelp Inc.
has a 12 month low of $32.56 and a 12 month high of $41.72.
The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.
76 and a beta of 1.08. The firm’s 50-day moving average is $36.
57 and its 200 day moving average is $36.92. Wall Street Analyst Weigh In Separately, Morgan Stanley boosted their price objective on Yelp from $34.
00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.17.
Check Out Our Latest Analysis on YELP Insiders Place Their Bets In other Yelp news, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.
00. Following the transaction, the insider now directly owns 223,512 shares in the company, valued at $8,122,426.08.
This represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, 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 transaction of $49,740.
00. Following the sale, the insider now directly owns 107,207 shares of the company’s stock, valued at $3,554,984.12.
This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold a total of 57,727 shares of company stock worth $2,081,667 over the last quarter. Company 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. 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.
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