7,426 Shares in Yelp Inc. (NYSE:YELP) Purchased by First Hawaiian Bank

First Hawaiian Bank acquired a new position in shares of Yelp Inc. (NYSE:YELPFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,426 shares of the local business review company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. increased its stake in shares of Yelp by 96.6% in the third quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company’s stock valued at $31,000 after purchasing an additional 371 shares during the period. Dark Forest Capital Management LP increased its stake in shares of Yelp by 83.6% in the first quarter. Dark Forest Capital Management LP now owns 1,166 shares of the local business review company’s stock valued at $36,000 after purchasing an additional 531 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Yelp by 221.1% in the first quarter. Belpointe Asset Management LLC now owns 1,204 shares of the local business review company’s stock valued at $37,000 after purchasing an additional 829 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Yelp by 172.2% in the second quarter. Quadrant Capital Group LLC now owns 1,481 shares of the local business review company’s stock valued at $54,000 after purchasing an additional 937 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Yelp in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling

In related news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $48.07, for a total transaction of $288,420.00. Following the completion of the sale, the chief operating officer now directly owns 254,976 shares in the company, valued at $12,256,696.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $48.07, for a total transaction of $288,420.00. Following the completion of the sale, the chief operating officer now directly owns 254,976 shares in the company, valued at $12,256,696.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Schwarzbach sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $43.40, for a total transaction of $119,350.00. Following the sale, the chief financial officer now owns 194,933 shares of the company’s stock, valued at $8,460,092.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,750 shares of company stock worth $676,270. Corporate insiders own 7.20% of the company’s stock.

Yelp Price Performance

NYSE YELP opened at $38.80 on Thursday. Yelp Inc. has a 12 month low of $26.53 and a 12 month high of $48.99. The firm has a market capitalization of $2.65 billion, a PE ratio of 28.74 and a beta of 1.49. The company’s 50 day simple moving average is $41.18 and its 200 day simple moving average is $43.06.

Yelp (NYSE:YELPGet Free Report) last issued its earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $342.38 million during the quarter, compared to analysts’ expectations of $341.83 million. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Sell-side analysts anticipate that Yelp Inc. will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

YELP has been the topic of several analyst reports. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Craig Hallum dropped their price target on shares of Yelp from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.75.

Get Our Latest Stock Analysis on YELP

Yelp Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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