30,932 Shares in Yelp Inc. (NYSE:YELP) Acquired by Bristlecone Advisors LLC

Bristlecone Advisors LLC bought a new position in Yelp Inc. (NYSE:YELP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 30,932 shares of the local business review company’s stock, valued at approximately $1,197,000.

Several other large investors have also recently bought and sold shares of YELP. Newbridge Financial Services Group Inc. purchased a new stake in shares of Yelp in the fourth quarter worth $161,000. Stephens Inc. AR bought a new position in Yelp in the 4th quarter worth about $595,000. Entropy Technologies LP raised its holdings in shares of Yelp by 57.6% in the 4th quarter. Entropy Technologies LP now owns 24,537 shares of the local business review company’s stock valued at $950,000 after acquiring an additional 8,966 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of Yelp by 12.4% during the 4th quarter. Meritage Portfolio Management now owns 16,385 shares of the local business review company’s stock valued at $634,000 after acquiring an additional 1,812 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Yelp by 20.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 334,962 shares of the local business review company’s stock worth $12,963,000 after purchasing an additional 55,782 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Price Performance

YELP opened at $39.57 on Monday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $45.91. The stock’s 50 day simple moving average is $39.40 and its 200 day simple moving average is $36.42. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 0.55 and a beta of 1.33.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, November 7th. The local business review company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.16. The business had revenue of $360.34 million during the quarter, compared to analysts’ expectations of $360.74 million. Yelp had a return on equity of 16.02% and a net margin of 8.48%. During the same quarter last year, the business posted $0.79 EPS. As a group, sell-side analysts anticipate that Yelp Inc. will post 1.8 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $38.29, for a total value of $382,900.00. Following the sale, the chief financial officer now directly owns 211,988 shares of the company’s stock, valued at $8,117,020.52. The trade was a 4.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the transaction, the chief technology officer now owns 122,480 shares of the company’s stock, valued at $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,865 shares of company stock worth $2,167,768. 7.40% of the stock is currently owned by corporate insiders.

About Yelp

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.