OMERS ADMINISTRATION Corp Sells 24,700 Shares of Yelp Inc. (NYSE:YELP)

OMERS ADMINISTRATION Corp trimmed its position in shares of Yelp Inc. (NYSE:YELP) by 43.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,400 shares of the local business review company’s stock after selling 24,700 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Yelp were worth $1,254,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in YELP. Allworth Financial LP grew its holdings in 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 purchasing an additional 288 shares during the last quarter. Avion Wealth grew its holdings in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp grew 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 valued at $42,000 after purchasing an additional 474 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 263 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Yelp by 445.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company’s stock valued at $80,000 after purchasing an additional 1,683 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.75, for a total transaction of $35,750.00. Following the completion of the sale, the insider now owns 211,558 shares of the company’s stock, valued at $7,563,198.50. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Sam Eaton sold 21,989 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the sale, the chief technology officer now directly owns 153,159 shares of the company’s stock, valued at $5,467,776.30. The trade was a 12.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,727 shares of company stock worth $2,025,717. Corporate insiders own 8.00% of the company’s stock.

Yelp Price Performance

Shares of YELP stock opened at $39.16 on Friday. The company’s 50-day simple moving average is $35.80 and its two-hundred day simple moving average is $37.17. Yelp Inc. has a one year low of $32.29 and a one year high of $41.72. The company has a market capitalization of $2.55 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.76 and a beta of 0.99.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $358.53 million for the quarter, compared to the consensus estimate of $353.48 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Yelp from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley dropped their target price on shares of Yelp from $35.00 to $30.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.00.

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.