Cwm LLC Raises Holdings in Yelp Inc. (NYSE:YELP)

Cwm LLC raised its holdings in Yelp Inc. (NYSE:YELP) by 87.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,568 shares of the local business review company’s stock after purchasing an additional 1,665 shares during the quarter. Cwm LLC’s holdings in Yelp were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YELP. Fidelis Capital Partners LLC acquired a new stake in shares of Yelp during the 1st quarter worth about $25,000. Fifth Third Bancorp boosted its stake in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after buying an additional 481 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Yelp during the second quarter valued at about $25,000. GAMMA Investing LLC increased its position in shares of Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after acquiring an additional 524 shares during the last quarter. Finally, Quarry LP raised 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 acquiring an additional 801 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Stock Performance

Shares of YELP opened at $33.64 on Friday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99. The stock has a market capitalization of $2.25 billion, a PE ratio of 17.70, a PEG ratio of 0.79 and a beta of 1.33. The stock has a 50-day simple moving average of $34.22 and a 200-day simple moving average of $36.11.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Analysts predict that Yelp Inc. will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YELP. Bank of America began coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective for the company. StockNews.com cut Yelp from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Wolfe Research began coverage on Yelp in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $38.00 in a report on Monday, October 14th. Finally, Morgan Stanley boosted their price target on shares of Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.33.

Insider Activity

In related news, COO Joseph R. Nachman sold 7,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.25, for a total transaction of $232,750.00. Following the completion of the transaction, the chief operating officer now owns 281,842 shares in the company, valued at approximately $9,371,246.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Yelp news, CTO Sam Eaton sold 10,776 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total value of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.25, for a total transaction of $232,750.00. Following the sale, the chief operating officer now directly owns 281,842 shares in the company, valued at approximately $9,371,246.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,776 shares of company stock worth $848,050. 7.40% of the stock is currently owned by corporate insiders.

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.