Allspring Global Investments Holdings LLC Has $573,000 Position in Yelp Inc. (NYSE:YELP)

Allspring Global Investments Holdings LLC lifted its position in shares of Yelp Inc. (NYSE:YELP) by 221.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,112 shares of the local business review company’s stock after purchasing an additional 8,342 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Yelp were worth $573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Yelp by 7.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,943 shares of the local business review company’s stock valued at $4,069,000 after purchasing an additional 6,300 shares during the period. International Assets Investment Management LLC boosted its stake in Yelp by 4,634.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company’s stock worth $58,000 after purchasing an additional 1,205 shares during the period. Quent Capital LLC boosted its position in shares of Yelp by 2.6% during the fourth quarter. Quent Capital LLC now owns 39,200 shares of the local business review company’s stock worth $1,856,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. grew its stake in shares of Yelp by 65.6% during the 4th quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company’s stock worth $59,000 after acquiring an additional 495 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Yelp by 186.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 463,505 shares of the local business review company’s stock valued at $21,942,000 after purchasing an additional 301,715 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling

In other news, CFO David A. Schwarzbach sold 2,750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the sale, the chief financial officer now directly owns 258,848 shares in the company, valued at approximately $10,516,994.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the sale, the chief financial officer now directly owns 258,848 shares in the company, valued at $10,516,994.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $38.83, for a total transaction of $232,980.00. Following the sale, the chief operating officer now owns 312,502 shares in the company, valued at $12,134,452.66. The disclosure for this sale can be found here. 7.20% of the stock is owned by corporate insiders.

Yelp Price Performance

Yelp stock opened at $39.97 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of 29.61 and a beta of 1.49. The stock’s fifty day moving average price is $38.88 and its two-hundred day moving average price is $42.54. Yelp Inc. has a one year low of $26.53 and a one year high of $48.99.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 15th. The local business review company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company 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 business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. Sell-side analysts expect that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on YELP shares. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. Raymond James assumed coverage on shares of Yelp in a report on Wednesday, March 27th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Yelp has a consensus rating of “Hold” and a consensus target price of $41.75.

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.