Newbridge Financial Services Group Inc. Takes $161,000 Position in Yelp Inc. (NYSE:YELP)

Newbridge Financial Services Group Inc. purchased a new position in Yelp Inc. (NYSE:YELP) during the fourth quarter, Holdings Channel reports. The fund purchased 4,150 shares of the local business review company’s stock, valued at approximately $161,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Yelp in the second quarter valued at about $499,000. Handelsbanken Fonder AB raised its holdings in shares of Yelp by 28.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 17,581 shares of the local business review company’s stock worth $617,000 after purchasing an additional 3,900 shares during the period. GAMMA Investing LLC lifted its stake in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after purchasing an additional 524 shares during the last quarter. CWM LLC grew its holdings in Yelp by 87.5% during the third quarter. CWM LLC now owns 3,568 shares of the local business review company’s stock valued at $125,000 after purchasing an additional 1,665 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after buying an additional 405 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Insider Activity at Yelp

In other news, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the sale, the chief technology officer now owns 122,480 shares in the company, valued at approximately $4,301,497.60. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Carmen Amara sold 12,854 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,865 shares of company stock valued at $2,167,768. Company insiders own 7.40% of the company’s stock.

Yelp Trading Up 0.2 %

Shares of NYSE:YELP opened at $39.57 on Monday. The company has a 50 day moving average of $39.40 and a 200 day moving average of $36.42. The stock has a market cap of $2.60 billion, a P/E ratio of 23.69, a P/E/G ratio of 0.55 and a beta of 1.33. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $45.91.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, November 7th. The local business review company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.16. Yelp had a net margin of 8.48% and a return on equity of 16.02%. The firm had revenue of $360.34 million during the quarter, compared to analyst estimates of $360.74 million. During the same period in the previous year, the business earned $0.79 EPS. On average, equities analysts forecast that Yelp Inc. will post 1.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on YELP shares. Evercore ISI raised Yelp to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley increased their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird reduced their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.17.

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.