Yelp Inc. $YELP Stake Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Yelp Inc. (NYSE:YELP) by 13.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,892 shares of the local business review company’s stock after acquiring an additional 9,062 shares during the period. Assenagon Asset Management S.A. owned 0.12% of Yelp worth $2,601,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in YELP. LSV Asset Management raised its stake in shares of Yelp by 122.8% in the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company’s stock valued at $70,443,000 after purchasing an additional 1,048,451 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Yelp by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company’s stock valued at $51,981,000 after buying an additional 71,626 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Yelp by 2.6% during the first quarter. Allianz Asset Management GmbH now owns 555,797 shares of the local business review company’s stock valued at $20,581,000 after buying an additional 13,943 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Yelp by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company’s stock worth $13,869,000 after buying an additional 8,239 shares during the last quarter. Finally, Nuveen LLC bought a new position in Yelp during the 1st quarter worth approximately $13,811,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Yelp from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Bank of America lowered their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, August 8th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $34.00.

Yelp Price Performance

NYSE:YELP opened at $31.31 on Friday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.78 and a beta of 1.03. The business has a 50 day simple moving average of $32.38 and a 200 day simple moving average of $34.66. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72.

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

Insider Buying and Selling at Yelp

In other news, insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $31.17, for a total transaction of $37,404.00. Following the completion of the transaction, the insider directly owned 203,700 shares in the company, valued at approximately $6,349,329. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carmen Amara sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $48,495.00. Following the completion of the sale, the insider owned 85,566 shares in the company, valued at approximately $2,766,348.78. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $1,174,014 in the last ninety days. Company insiders own 8.00% 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.