2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado lowered its stake in shares of Yelp Inc. ( NYSE:YELP – Free Report ) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 7,393 shares of the local business review company’s stock after selling 538 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Yelp were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
C M Bidwell & Associates Ltd. acquired a new position in shares of Yelp during the fourth quarter worth $27,000. Fidelis Capital Partners LLC acquired a new position in Yelp during the 1st quarter valued at about $25,000.
Fifth Third Bancorp increased its position in Yelp by 262.8% during the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after buying an additional 481 shares in the last quarter.
Meeder Asset Management Inc. purchased a new stake in Yelp in the second quarter valued at about $25,000. Finally, Parallel Advisors LLC boosted its holdings in Yelp by 38.
7% in the fourth quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company’s stock worth $71,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 90.
11% of the company’s stock. Yelp Stock Performance NYSE YELP opened at $34.91 on Friday.
The firm has a market capitalization of $2.34 billion, a P/E ratio of 22.24, a PEG ratio of 0.
82 and a beta of 1.33. The stock has a 50-day simple moving average of $34.
50 and a two-hundred day simple moving average of $36.77. Yelp Inc.
has a fifty-two week low of $32.56 and a fifty-two week high of $48.99.
Wall Street Analyst Weigh In YELP has been the subject of several research analyst reports. Bank of America began coverage on shares of Yelp in a research report on Monday, September 16th. They issued an “underperform” rating and a $30.
00 price objective for the company. Wolfe Research initiated coverage on shares of Yelp in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company.
Morgan Stanley lifted their price target on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd.
JPMorgan Chase & Co. cut their price objective on Yelp from $38.00 to $35.
00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com lowered Yelp from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th.
Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.
20. Check Out Our Latest Stock Report on YELP Insider Activity at Yelp In related news, COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction on Friday, July 5th.
The shares were sold at an average price of $36.24, for a total transaction of $253,680.00.
Following the sale, the chief operating officer now owns 288,842 shares in the company, valued at $10,467,634.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
In other news, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.
00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at approximately $5,080,985. The sale was disclosed in a filing with the SEC, which is available at this link .
Also, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction on Friday, July 5th. The shares were sold at an average price of $36.
24, for a total transaction of $253,680.00. Following the completion of the sale, the chief operating officer now directly owns 288,842 shares in the company, valued at approximately $10,467,634.
08. The disclosure for this sale can be found here . Insiders sold a total of 24,776 shares of company stock worth $863,590 in the last three months.
Company insiders own 7.40% of the company’s stock. Yelp Company 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. Read More 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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