Wealthstar Advisors LLC Increases Holdings in Yelp Inc. (NYSE:YELP)

Wealthstar Advisors LLC grew its holdings in Yelp Inc. (NYSE:YELP) by 40.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,062 shares of the local business review company’s stock after acquiring an additional 2,625 shares during the period. Wealthstar Advisors LLC’s holdings in Yelp were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in YELP. C M Bidwell & Associates Ltd. bought a new stake in shares of Yelp in the fourth quarter worth about $27,000. Daiwa Securities Group Inc. bought a new stake in shares of Yelp in the fourth quarter worth about $43,000. International Assets Investment Management LLC increased its holdings in shares of Yelp by 4,634.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company’s stock worth $58,000 after purchasing an additional 1,205 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Yelp by 65.6% in the fourth quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company’s stock worth $59,000 after purchasing an additional 495 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Yelp by 38.7% during 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 during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James assumed coverage on Yelp in a research note on Wednesday, March 27th. They set a “market perform” rating on the stock. Craig Hallum reduced their price objective on Yelp from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Robert W. Baird reduced their price objective on Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.67.

Yelp Trading Down 0.2 %

Shares of NYSE YELP traded down $0.06 during trading hours on Thursday, reaching $36.15. The stock had a trading volume of 257,399 shares, compared to its average volume of 603,340. The business’s fifty day moving average price is $37.44 and its two-hundred day moving average price is $40.33. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 23.03 and a beta of 1.33. Yelp Inc. has a 52-week low of $35.31 and a 52-week high of $48.99.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, May 9th. The local business review company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $332.75 million during the quarter, compared to analyst estimates of $333.66 million. Yelp had a return on equity of 15.69% and a net margin of 8.44%. Equities research analysts anticipate that Yelp Inc. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Yelp news, COO Joseph R. Nachman sold 4,941 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $36.53, for a total transaction of $180,494.73. Following the completion of the sale, the chief operating officer now owns 295,842 shares in the company, valued at $10,807,108.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Joseph R. Nachman sold 4,941 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $36.53, for a total transaction of $180,494.73. Following the transaction, the chief operating officer now directly owns 295,842 shares of the company’s stock, valued at $10,807,108.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Carmen Orr sold 14,984 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $38.00, for a total value of $569,392.00. Following the transaction, the insider now directly owns 110,011 shares in the company, valued at $4,180,418. The disclosure for this sale can be found here. Insiders sold a total of 49,818 shares of company stock worth $1,855,643 over the last 90 days. Company insiders own 7.40% of the company’s stock.

Yelp Profile

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.