Hussman Strategic Advisors Inc. Takes Position in Yelp Inc. $YELP

Hussman Strategic Advisors Inc. acquired a new stake in Yelp Inc. (NYSE:YELP) during the second quarter, Holdings Channel reports. The fund acquired 42,000 shares of the local business review company’s stock, valued at approximately $1,439,000.

Several other hedge funds also recently added to or reduced their stakes in YELP. Ceera Investments LLC raised its position in Yelp by 2.4% in the second quarter. Ceera Investments LLC now owns 229,877 shares of the local business review company’s stock valued at $7,878,000 after purchasing an additional 5,287 shares during the period. Kesler Norman & Wride LLC grew its holdings in shares of Yelp by 26.5% during the 2nd quarter. Kesler Norman & Wride LLC now owns 32,650 shares of the local business review company’s stock worth $1,119,000 after purchasing an additional 6,844 shares during the period. Teacher Retirement System of Texas increased its position in shares of Yelp by 10.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 148,093 shares of the local business review company’s stock worth $5,075,000 after purchasing an additional 14,116 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Yelp in the 2nd quarter valued at about $3,633,000. Finally, Envestnet Asset Management Inc. lifted its position in Yelp by 24.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,798 shares of the local business review company’s stock valued at $336,000 after buying an additional 1,899 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Yelp Stock Up 0.1%

Shares of YELP opened at $33.01 on Tuesday. Yelp Inc. has a fifty-two week low of $29.96 and a fifty-two week high of $41.72. The firm’s 50 day moving average price is $32.00 and its 200 day moving average price is $34.05. The company has a market cap of $2.08 billion, a P/E ratio of 14.93, a PEG ratio of 0.81 and a beta of 0.98.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $365.71 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. Yelp has set its FY 2025 guidance at EPS. Research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on YELP shares. Evercore ISI set a $45.00 target price on shares of Yelp and gave the stock an “outperform” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. Zacks Research downgraded shares of Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group set a $33.00 target price on Yelp in a research report on Tuesday, October 14th. Finally, Wall Street Zen cut Yelp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Yelp currently has a consensus rating of “Reduce” and an average price target of $35.00.

Insider Buying and Selling

In other Yelp news, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $33.04, for a total transaction of $49,560.00. Following the completion of the transaction, the insider owned 82,566 shares in the company, valued at $2,727,980.64. The trade was a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total transaction of $335,800.00. Following the completion of the sale, the chief financial officer owned 160,196 shares in the company, valued at $5,379,381.68. The trade was a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 39,100 shares of company stock worth $1,254,036. Company insiders own 8.00% of the company’s stock.

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.