Norges Bank purchased a brand new stake in Yelp Inc (NYSE:YELP) through the fourth quarter, in response to its most up-to-date disclosure with the SEC. The fund purchased 839,673 shares of the local enterprise assessment firm’s inventory, valued at roughly $32,017,000. Norges Bank owned roughly 1.06% of Yelp as of its most up-to-date submitting with the SEC.

Other giant buyers additionally just lately purchased and bought shares of the corporate. FNY Managed Accounts LLC purchased a brand new stake in Yelp in the course of the third quarter valued at about $100,000. US Bancorp DE elevated its stake in Yelp by three,181.zero% in the third quarter. US Bancorp DE now owns three,970 shares of the local enterprise evaluation firm’s inventory valued at $165,000 after shopping for a further three,849 shares in the final quarter. TLP Group LLC purchased a brand new stake in Yelp in the course of the third quarter valued at about $187,000. Ardsley Advisory Partners purchased a brand new stake in Yelp in the course of the third quarter valued at about $250,000. Finally, Advisor Group Inc. elevated its stake in Yelp by 919.2% in the third quarter. Advisor Group Inc. now owns 6,859 shares of the local enterprise evaluate firm’s inventory valued at $286,000 after shopping for a further 6,186 shares in the final quarter. Hedge funds and different institutional buyers personal 74.24% of the corporate’s inventory.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

Shares of Yelp Inc (NYSE:YELP) opened at 32.52 on Friday. Yelp Inc has a 12-month low of $18.71 and a 12-month excessive of $43.41. The inventory’s market capitalization is $2.59 billion. The inventory’s 50 day shifting common is $34.18 and its 200-day shifting common is $37.27.

Yelp (NYSE:YELP) final introduced its quarterly earnings outcomes on Thursday, February ninth. The local enterprise evaluate firm reported $zero.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $zero.03 by $zero.24. The firm had income of $194.50 million for the quarter, in comparison with the consensus estimate of $194.51 million. Yelp had a unfavorable internet margin of zero.65% and a unfavourable return on fairness of zero.01%. Yelp’s income for the quarter was up 26.7% in comparison with the identical quarter final yr. During the identical interval in the earlier yr, the agency posted $zero.11 EPS. On common, analysts anticipate that Yelp Inc will publish $zero.08 earnings per share for the present yr.

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YELP has been the subject of a number of current analysis reviews. Vetr downgraded Yelp from a “strong-buy” score to a “buy” score and set a $44.11 goal worth on the inventory. in a analysis report on Wednesday, January 4th. MKM Partners reaffirmed a “buy” score and issued a $48.00 worth goal on shares of Yelp in a report on Friday, December 23rd. Aegis reaffirmed a “buy” score on shares of Yelp in a report on Saturday, January 21st. Zacks Investment Research raised shares of Yelp from a “hold” score to a “buy” score and set a $46.00 worth goal on the inventory in a report on Saturday, January 14th. Finally, Royal Bank of Canada set a $55.00 worth goal on shares of Yelp and gave the inventory a “buy” score in a report on Monday, February sixth. Two analysis analysts have rated the inventory with a promote score, fourteen have given a maintain score, seventeen have given a purchase score and one has assigned a robust purchase score to the inventory. The inventory presently has a mean score of “Buy” and a mean worth goal of $40.52.

In different Yelp information, Director Geoffrey L. Donaker bought four,000 shares of Yelp inventory in a transaction on Tuesday, March 28th. The shares have been bought at a mean worth of $32.34, for a complete worth of $129,360.00. Following the sale, the director now instantly owns 9,590 shares in the corporate, valued at roughly $310,140.60. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Also, Director Geoffrey L. Donaker bought 6,000 shares of Yelp inventory in a transaction on Thursday, January fifth. The shares have been bought at a mean worth of $39.00, for a complete transaction of $234,000.00. Following the completion of the sale, the director now owns 9,079 shares in the corporate, valued at $354,081. The disclosure for this sale could be discovered right here. Over the final quarter, insiders bought 134,284 shares of firm inventory value $5,394,831. 11.08% of the inventory is presently owned by insiders.

Yelp Company Profile

Yelp Inc (Yelp) connects individuals with local companies by bringing phrase of mouth on-line and offering a platform for companies and shoppers to interact and transact. The Company supplies local enterprise evaluate websites. Yelp offers a platform for shoppers to share their on a regular basis local enterprise experiences, by way of reviews, ideas, photographs and movies, and engages instantly with companies, via reviews, telephone calls and its Message the Business function.

5 Day Chart for NYSE:YELP

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