Acadian Asset Management LLC Sells 20,082 Shares of Yelp Inc. (NYSE:YELP)

Acadian Asset Management LLC trimmed its position in Yelp Inc. (NYSE:YELP) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,546,662 shares of the local business review company’s stock after selling 20,082 shares during the quarter. Acadian Asset Management LLC’s holdings in Yelp were worth $100,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of YELP. Pacer Advisors Inc. raised its holdings in Yelp by 65.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,215,355 shares of the local business review company’s stock valued at $57,535,000 after acquiring an additional 482,242 shares during the period. Norges Bank bought a new position in Yelp in the 4th quarter valued at about $20,718,000. Assenagon Asset Management S.A. raised its holdings in Yelp by 186.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,505 shares of the local business review company’s stock valued at $21,942,000 after acquiring an additional 301,715 shares during the period. Victory Capital Management Inc. grew its position in shares of Yelp by 629.6% during the 4th quarter. Victory Capital Management Inc. now owns 312,510 shares of the local business review company’s stock worth $14,794,000 after purchasing an additional 269,676 shares in the last quarter. Finally, Trexquant Investment LP grew its position in shares of Yelp by 133.9% during the 4th quarter. Trexquant Investment LP now owns 120,210 shares of the local business review company’s stock worth $5,691,000 after purchasing an additional 68,827 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Trading Down 0.4 %

Yelp stock traded down $0.16 during mid-day trading on Friday, reaching $37.31. The company had a trading volume of 650,455 shares, compared to its average volume of 634,881. Yelp Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $48.99. The company has a market cap of $2.52 billion, a P/E ratio of 23.76 and a beta of 1.33. The business has a fifty day simple moving average of $36.62 and a 200 day simple moving average of $39.36.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on YELP shares. Wolfe Research started coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Craig Hallum decreased their target price on shares of Yelp from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Robert W. Baird decreased their target price on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Finally, Raymond James started coverage on shares of Yelp in a research report on Wednesday, March 27th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Yelp currently has a consensus rating of “Hold” and a consensus target price of $40.71.

Insider Buying and Selling at Yelp

In other news, insider Carmen Orr sold 14,984 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $38.00, for a total transaction of $569,392.00. Following the completion of the transaction, the insider now owns 110,011 shares of the company’s stock, valued at $4,180,418. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Sam Eaton sold 26,718 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.62, for a total transaction of $978,413.16. Following the completion of the transaction, the chief technology officer now owns 167,861 shares of the company’s stock, valued at $6,147,069.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carmen Orr sold 14,984 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $38.00, for a total transaction of $569,392.00. Following the transaction, the insider now directly owns 110,011 shares of the company’s stock, valued at approximately $4,180,418. The disclosure for this sale can be found here. Insiders have sold 54,068 shares of company stock worth $1,997,590 over the last quarter. Corporate insiders own 7.40% of the company’s stock.

Yelp Company 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.