237,111 Shares in Yelp Inc (YELP) Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama purchased a new stake in Yelp Inc (NYSE:YELP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 237,111 shares of the local business review company’s stock, valued at approximately $8,297,000. Retirement Systems of Alabama owned 0.29% of Yelp as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Yelp by 28.7% in the 2nd quarter. BlackRock Inc. now owns 7,154,009 shares of the local business review company’s stock worth $280,295,000 after acquiring an additional 1,597,355 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Yelp by 9,220.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 937,637 shares of the local business review company’s stock worth $46,131,000 after acquiring an additional 927,577 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Yelp by 647.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 647,466 shares of the local business review company’s stock worth $25,368,000 after acquiring an additional 560,847 shares in the last quarter. FMR LLC purchased a new stake in Yelp in the 3rd quarter worth about $20,179,000. Finally, Allianz Asset Management GmbH lifted its stake in Yelp by 9.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,345,227 shares of the local business review company’s stock worth $164,585,000 after acquiring an additional 288,790 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.

In other news, insider Alan Ramsay sold 6,355 shares of Yelp stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $31.20, for a total transaction of $198,276.00. Following the sale, the insider now owns 28,879 shares of the company’s stock, valued at approximately $901,024.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey L. Donaker sold 2,000 shares of Yelp stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $35.20, for a total value of $70,400.00. The disclosure for this sale can be found here. Insiders sold a total of 107,983 shares of company stock worth $4,352,066 in the last ninety days. Insiders own 9.00% of the company’s stock.

YELP has been the subject of several research analyst reports. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, September 27th. Wells Fargo & Co set a $34.00 price objective on Yelp and gave the stock a “buy” rating in a research note on Friday, November 9th. Citigroup reduced their price objective on Yelp to $42.00 and set a “buy” rating for the company in a research note on Monday, November 12th. DA Davidson reduced their price objective on Yelp to $43.00 and set a “buy” rating for the company in a research note on Monday, November 12th. Finally, MKM Partners reduced their price objective on Yelp to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Yelp currently has a consensus rating of “Hold” and an average target price of $40.18.

YELP opened at $34.50 on Monday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 492.86, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. Yelp Inc has a 12-month low of $29.33 and a 12-month high of $52.50.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.09. The firm had revenue of $241.10 million for the quarter, compared to analyst estimates of $245.55 million. Yelp had a return on equity of 1.34% and a net margin of 18.04%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Equities research analysts forecast that Yelp Inc will post 0.37 earnings per share for the current fiscal year.

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Yelp Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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