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

Ellsworth Advisors LLC acquired a new stake in Yelp Inc. (NYSE:YELP) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 110,567 shares of the local business review company’s stock, valued at approximately $4,279,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after purchasing an additional 405 shares in the last quarter. Signaturefd LLC increased its stake in shares of Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares during the last quarter. Quarry LP increased its stake in shares of Yelp by 153.4% in the 2nd quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock valued at $49,000 after purchasing an additional 801 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Yelp in the third quarter valued at about $54,000. 90.11% of the stock is currently owned by institutional investors.

Yelp Price Performance

Shares of YELP stock opened at $40.65 on Monday. Yelp Inc. has a one year low of $32.56 and a one year high of $45.91. The business’s 50 day simple moving average is $38.49 and its 200 day simple moving average is $36.07. The stock has a market capitalization of $2.68 billion, a PE ratio of 24.34, a PEG ratio of 0.53 and a beta of 1.34.

Insider Activity at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the sale, the chief financial officer now directly owns 201,988 shares in the company, valued at $8,022,963.36. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Carmen Amara sold 12,854 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares in the company, valued at approximately $3,389,992.21. The trade was a 12.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,865 shares of company stock worth $2,129,368 over the last quarter. Company insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Yelp 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.