Ellsworth Advisors LLC Invests $4.28 Million in Yelp Inc. (NYSE:YELP)

Ellsworth Advisors LLC acquired a new position in Yelp Inc. (NYSE:YELP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 110,567 shares of the local business review company’s stock, valued at approximately $4,279,000. Ellsworth Advisors LLC owned 0.17% of Yelp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of Yelp by 87.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company’s stock worth $19,659,000 after buying an additional 236,400 shares during the period. Millennium Management LLC grew its holdings in Yelp by 1,089.2% during the 2nd quarter. Millennium Management LLC now owns 188,371 shares of the local business review company’s stock worth $6,960,000 after acquiring an additional 172,531 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Yelp by 114.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock valued at $9,794,000 after acquiring an additional 148,917 shares during the last quarter. Barclays PLC lifted its stake in shares of Yelp by 347.9% in the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after purchasing an additional 124,561 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Yelp by 4.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,695,536 shares of the local business review company’s stock valued at $99,600,000 after purchasing an additional 111,936 shares during the period. 90.11% of the stock is owned by institutional investors.

Yelp Trading Up 0.3 %

Shares of NYSE YELP opened at $40.65 on Monday. The firm has a market cap of $2.68 billion, a PE ratio of 24.34, a PEG ratio of 0.53 and a beta of 1.34. The company has a fifty day moving average price of $38.49 and a 200 day moving average price of $36.07. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $45.91.

Insider Buying and Selling

In other news, insider Carmen Amara sold 12,854 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the sale, the insider now owns 88,813 shares in the company, valued at $3,389,992.21. This represents a 12.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the transaction, the chief technology officer now directly owns 122,480 shares of the company’s stock, valued at $4,301,497.60. This represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,865 shares of company stock worth $2,129,368. 7.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on YELP. The Goldman Sachs Group downgraded Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $38.00 in a report on Monday, October 14th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Robert W. Baird decreased their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley boosted their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Yelp currently has a consensus rating of “Hold” and an average price target of $37.17.

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.