Bridgefront Capital LLC Takes Position in Yelp Inc. (NYSE:YELP)

Bridgefront Capital LLC purchased a new position in shares of Yelp Inc. (NYSE:YELP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,336 shares of the local business review company’s stock, valued at approximately $207,000.

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

Yelp Price Performance

Shares of YELP stock opened at $35.76 on Friday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.76 and a beta of 0.99. The company’s fifty day simple moving average is $35.14 and its two-hundred day simple moving average is $36.92. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72.

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 return on equity of 18.07% and a net margin of 9.41%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Equities research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped 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. 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 report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.33.

Insider Activity

In other news, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 211,558 shares in the company, valued at $7,563,198.50. The trade was a 0.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $34.31, for a total value of $343,100.00. Following the completion of the sale, the chief financial officer now owns 239,112 shares in the company, valued at $8,203,932.72. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,727 shares of company stock worth $2,025,717. 7.40% of the stock is owned by company insiders.

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.