Bosun Asset Management LLC Invests $248,000 in Yelp Inc. (NYSE:YELP)

Bosun Asset Management LLC acquired a new position in Yelp Inc. (NYSE:YELP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,407 shares of the local business review company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP lifted its position in shares of Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the last quarter. Avion Wealth increased its stake in Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares in the last quarter. Fifth Third Bancorp raised its holdings in Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after buying an additional 474 shares during the period. GAMMA Investing LLC lifted its stake in Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after buying an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after acquiring an additional 263 shares during the period. Institutional investors own 90.11% of the company’s stock.

Yelp Trading Down 0.9 %

NYSE:YELP opened at $34.70 on Wednesday. The firm has a market capitalization of $2.26 billion, a PE ratio of 18.07, a PEG ratio of 0.76 and a beta of 0.99. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72. The firm’s fifty day simple moving average is $35.07 and its 200 day simple moving average is $36.91.

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

Insider Buying and Selling

In other news, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $34.45, for a total value of $34,450.00. Following the sale, the insider now directly owns 222,512 shares in the company, valued at approximately $7,665,538.40. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Carmen Amara sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the transaction, the insider now owns 107,207 shares of the company’s stock, valued at $3,554,984.12. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,727 shares of company stock valued at $2,025,717. 7.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on YELP. Morgan Stanley decreased their price objective on shares of Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Yelp from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.33.

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.