Brevan Howard Capital Management LP Acquires 1,732 Shares of Yelp Inc. (NYSE:YELP)

Brevan Howard Capital Management LP increased its holdings in Yelp Inc. (NYSE:YELP) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,392 shares of the local business review company’s stock after purchasing an additional 1,732 shares during the period. Brevan Howard Capital Management LP owned 0.05% of Yelp worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YELP. Barclays PLC boosted its stake in Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after buying an additional 124,561 shares during the last quarter. Bristlecone Advisors LLC bought a new position in shares of Yelp during the 4th quarter valued at approximately $1,197,000. Suncoast Equity Management bought a new position in shares of Yelp during the 4th quarter valued at approximately $721,000. Principal Financial Group Inc. grew its holdings in shares of Yelp by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company’s stock valued at $14,176,000 after purchasing an additional 10,995 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Yelp by 332.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,195 shares of the local business review company’s stock valued at $588,000 after purchasing an additional 11,678 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley dropped 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. dropped their price target on Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.33.

Yelp Stock Up 2.7 %

Yelp stock opened at $35.54 on Thursday. The firm has a market cap of $2.31 billion, a P/E ratio of 18.51, a P/E/G ratio of 0.76 and a beta of 0.99. The business has a fifty day moving average of $35.10 and a two-hundred day moving average of $36.90. Yelp Inc. has a twelve month low of $32.29 and a twelve month high of $41.72.

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

Insider Activity at Yelp

In related news, 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 value of $785,007.30. Following the completion of the transaction, the chief technology officer now directly owns 153,159 shares of the company’s stock, valued at $5,467,776.30. This trade represents a 12.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the business’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 transaction 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 disclosure for this sale can be found here. Insiders sold 57,727 shares of company stock valued at $2,025,717 over the last 90 days. Insiders own 7.40% of the company’s stock.

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.