Strs Ohio Sells 1,100 Shares of Yelp Inc. (NYSE:YELP)

Strs Ohio lessened its position in shares of Yelp Inc. (NYSE:YELP) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,100 shares of the local business review company’s stock after selling 1,100 shares during the period. Strs Ohio’s holdings in Yelp were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of YELP. Ronald Blue Trust Inc. grew its holdings in Yelp by 96.6% in the third quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company’s stock worth $31,000 after purchasing an additional 371 shares during the period. International Assets Investment Management LLC grew its holdings in 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 period. Blue Trust Inc. grew its holdings in 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 period. DekaBank Deutsche Girozentrale acquired a new stake in Yelp in the third quarter worth $134,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Yelp in the third quarter worth $203,000. Institutional investors own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on YELP shares. Raymond James started coverage on shares of Yelp in a report on Wednesday, March 27th. They issued a “market perform” rating for the company. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.75.

Insiders Place Their Bets

In other Yelp news, CFO David A. Schwarzbach sold 2,750 shares of Yelp stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the sale, the chief financial officer now owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $38.83, for a total value of $232,980.00. Following the sale, the chief operating officer now owns 312,502 shares of the company’s stock, valued at $12,134,452.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $40.63, for a total transaction of $111,732.50. Following the completion of the sale, the chief financial officer now directly owns 258,848 shares in the company, valued at approximately $10,516,994.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,750 shares of company stock valued at $613,213. Company insiders own 7.20% of the company’s stock.

Yelp Price Performance

Shares of NYSE YELP opened at $40.15 on Wednesday. Yelp Inc. has a 1 year low of $26.53 and a 1 year high of $48.99. The stock has a market capitalization of $2.74 billion, a P/E ratio of 29.74 and a beta of 1.49. The company has a 50-day moving average price of $38.94 and a 200-day moving average price of $42.55.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $342.38 million for the quarter, compared to analysts’ expectations of $341.83 million. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, equities research analysts anticipate that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.

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.