Gallacher Capital Management LLC Trims Stock Holdings in Yelp Inc. (NYSE:YELP)

Gallacher Capital Management LLC trimmed its holdings in Yelp Inc. (NYSE:YELP) by 9.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,930 shares of the local business review company’s stock after selling 745 shares during the quarter. Gallacher Capital Management LLC’s holdings in Yelp were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in YELP. FMR LLC raised its stake in Yelp by 13.7% in the third quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after buying an additional 78,585 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Yelp by 1.8% in the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after purchasing an additional 48,363 shares during the last quarter. Barclays PLC boosted its holdings in Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after purchasing an additional 124,561 shares during the last quarter. FORA Capital LLC purchased a new stake in Yelp in the third quarter worth approximately $732,000. Finally, Algert Global LLC boosted its holdings in Yelp by 7.5% in the third quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock worth $7,159,000 after purchasing an additional 14,213 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the sale, the chief technology officer now directly owns 153,159 shares in the company, valued at approximately $5,467,776.30. The trade was a 12.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $37.99, for a total transaction of $37,990.00. Following the completion of the sale, the insider now owns 183,558 shares in the company, valued at $6,973,368.42. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,727 shares of company stock valued at $2,083,317. 7.40% of the stock is owned by corporate insiders.

Yelp Stock Up 3.0 %

Shares of NYSE YELP opened at $35.04 on Monday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. The firm has a 50-day simple moving average of $37.86 and a 200-day simple moving average of $36.68.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. As a group, equities research analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat, Yelp has an average rating of “Hold” and an average target price 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.