Camelot Portfolios LLC Takes $271,000 Position in Yelp Inc. $YELP

Camelot Portfolios LLC bought a new position in Yelp Inc. (NYSE:YELP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,911 shares of the local business review company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock valued at $42,000 after acquiring an additional 827 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Yelp during the first quarter valued at $52,000. Strs Ohio purchased a new position in shares of Yelp during the first quarter valued at $56,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Yelp in the first quarter valued at about $62,000. Finally, Fifth Third Bancorp grew its stake in Yelp by 57.7% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company’s stock valued at $64,000 after purchasing an additional 631 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Yelp Trading Up 0.7%

Shares of NYSE:YELP opened at $31.53 on Friday. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72. The company has a market capitalization of $1.99 billion, a PE ratio of 14.27, a PEG ratio of 0.79 and a beta of 1.03. The business has a 50 day moving average of $32.32 and a two-hundred day moving average of $34.63.

Yelp (NYSE:YELP) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $365.71 million. During the same period in the previous year, the company posted $0.54 earnings per share. Yelp’s revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Equities research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $31.37, for a total value of $47,055.00. Following the completion of the sale, the insider directly owned 84,066 shares in the company, valued at $2,637,150.42. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $31.17, for a total value of $37,404.00. Following the completion of the sale, the insider owned 203,700 shares of the company’s stock, valued at $6,349,329. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $1,174,014 over the last three months. 8.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Yelp

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.