4,150 Shares in Yelp Inc. (NYSE:YELP) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in shares of Yelp Inc. (NYSE:YELP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,150 shares of the local business review company’s stock, valued at approximately $161,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Yelp by 13.7% in the third quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock valued at $22,944,000 after buying an additional 78,585 shares during the period. 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 valued at $96,256,000 after acquiring an additional 48,363 shares during the last quarter. Barclays PLC increased its position in Yelp by 347.9% during the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after purchasing an additional 124,561 shares during the period. Algert Global LLC raised its holdings in Yelp by 7.5% during the 3rd 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. Finally, FORA Capital LLC acquired a new position in shares of Yelp in the 3rd quarter worth approximately $732,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO David A. Schwarzbach sold 10,000 shares of the firm’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 transaction, the chief financial officer now owns 211,988 shares in the company, valued at $8,117,020.52. This trade represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the sale, the chief technology officer now owns 122,480 shares of the company’s stock, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,865 shares of company stock worth $2,167,768 over the last three months. 7.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Yelp Stock Performance

Shares of Yelp stock opened at $39.57 on Monday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $45.91. The stock has a 50 day moving average price of $39.40 and a two-hundred day moving average price of $36.42. The stock has a market capitalization of $2.60 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33.

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