Yelp Inc. $YELP Stock Holdings Decreased by Ceera Investments LLC

Ceera Investments LLC reduced its position in Yelp Inc. (NYSE:YELP) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,442 shares of the local business review company’s stock after selling 40,099 shares during the period. Yelp comprises approximately 2.3% of Ceera Investments LLC’s holdings, making the stock its 9th largest position. Ceera Investments LLC owned approximately 0.31% of Yelp worth $5,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC purchased a new position in Yelp during the third quarter valued at approximately $2,207,000. Assenagon Asset Management S.A. purchased a new position in Yelp during the fourth quarter valued at approximately $3,348,000. Allianz Asset Management GmbH grew its position in Yelp by 35.4% during the third quarter. Allianz Asset Management GmbH now owns 925,898 shares of the local business review company’s stock valued at $28,888,000 after purchasing an additional 241,963 shares in the last quarter. SG Americas Securities LLC grew its position in Yelp by 858.9% during the fourth quarter. SG Americas Securities LLC now owns 44,476 shares of the local business review company’s stock valued at $1,352,000 after purchasing an additional 39,838 shares in the last quarter. Finally, SGL Investment Advisors Inc. purchased a new position in Yelp during the third quarter valued at approximately $2,656,000. 90.11% of the stock is owned by hedge funds and other institutional investors.

Yelp Stock Performance

YELP stock opened at $22.44 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 2.43 and a beta of 0.53. Yelp Inc. has a 12 month low of $19.60 and a 12 month high of $39.58. The firm has a 50 day moving average of $25.42 and a two-hundred day moving average of $26.76.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, May 7th. The local business review company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $361.46 million during the quarter, compared to the consensus estimate of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, equities analysts anticipate that Yelp Inc. will post 1.83 EPS for the current fiscal year.

Insider Activity at Yelp

In other Yelp news, insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $24.72, for a total value of $29,664.00. Following the completion of the sale, the insider directly owned 267,835 shares of the company’s stock, valued at $6,620,881.20. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David A. Schwarzbach sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $26.60, for a total transaction of $199,500.00. Following the completion of the sale, the chief financial officer directly owned 209,300 shares of the company’s stock, valued at $5,567,380. This represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,900 shares of company stock valued at $703,975 over the last three months. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on YELP. Wall Street Zen downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley lowered their price objective on shares of Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Robert W. Baird set a $28.00 price objective on shares of Yelp in a research report on Friday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of Yelp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Yelp presently has a consensus rating of “Reduce” and an average price target of $27.88.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.