Greenhouse Funds LLLP lifted its position in shares of Yelp Inc (NYSE:YELP) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 475,093 shares of the local business review company’s stock after acquiring an additional 60,883 shares during the period. Yelp makes up about 5.6% of Greenhouse Funds LLLP’s portfolio, making the stock its 5th largest holding. Greenhouse Funds LLLP owned approximately 0.57% of Yelp worth $19,935,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Yelp by 28,585.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after acquiring an additional 4,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Yelp by 46.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after acquiring an additional 1,337 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Yelp during the 3rd quarter worth approximately $204,000. Turner Investments LLC bought a new stake in shares of Yelp during the 3rd quarter worth approximately $217,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Yelp during the 3rd quarter worth approximately $222,000. 89.32% of the stock is owned by institutional investors.
In other Yelp news, COO Joseph R. Nachman sold 14,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $41.84, for a total value of $606,680.00. Following the transaction, the chief operating officer now directly owns 127,855 shares of the company’s stock, valued at $5,349,453.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.39, for a total transaction of $272,340.00. Following the completion of the transaction, the director now directly owns 9,590 shares in the company, valued at $435,290.10. The disclosure for this sale can be found here. Insiders sold 223,500 shares of company stock valued at $9,577,750 over the last 90 days. Corporate insiders own 10.10% of the company’s stock.
Shares of Yelp Inc (NYSE YELP) opened at $45.95 on Wednesday. The company has a market cap of $3,800.00, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 7.21 and a beta of 1.11. Yelp Inc has a twelve month low of $26.93 and a twelve month high of $48.40.
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Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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