Vinva Investment Management Ltd Purchases 4,421 Shares of Yelp Inc. (NYSE:YELP)

Vinva Investment Management Ltd raised its stake in shares of Yelp Inc. (NYSE:YELP) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,631 shares of the local business review company’s stock after purchasing an additional 4,421 shares during the quarter. Vinva Investment Management Ltd’s holdings in Yelp were worth $721,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of YELP. Allworth Financial LP increased its stake in Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 288 shares in the last quarter. Avion Wealth increased its stake in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 864 shares in the last quarter. Fifth Third Bancorp increased its stake in Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares in the last quarter. GAMMA Investing LLC increased its stake in Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after purchasing an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Price Performance

NYSE:YELP opened at $35.73 on Friday. The firm has a market capitalization of $2.32 billion, a P/E ratio of 18.61, a PEG ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $41.72. The company’s fifty day moving average price is $37.48 and its 200-day moving average price is $36.66.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. Equities analysts anticipate that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.17.

Insider Buying and Selling

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.80, for a total transaction of $348,000.00. Following the transaction, the chief financial officer now directly owns 242,916 shares of the company’s stock, valued at $8,453,476.80. This trade represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the transaction, the insider now directly owns 107,207 shares in the company, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,727 shares of company stock valued at $2,083,317. Corporate insiders own 7.40% of the company’s stock.

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.