14,800 Shares in Yelp Inc. (NYSE:YELP) Acquired by Axa S.A.

Posted by Defense World Staff on Mar 1st, 2023

Axa S.A. bought a new stake in shares of Yelp Inc. (NYSE:YELP – Get Rating) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,800 shares of the local business review company’s stock, valued at approximately $502,000.

Several other large investors have also recently added to or reduced their stakes in YELP. Captrust Financial Advisors boosted its position in shares of Yelp by 16.2% in the 1st quarter. Captrust Financial Advisors now owns 4,033 shares of the local business review company’s stock valued at $138,000 after purchasing an additional 563 shares during the period. Yousif Capital Management LLC boosted its stake in Yelp by 1.9% in the 1st quarter. Yousif Capital Management LLC now owns 36,532 shares of the local business review company’s stock valued at $1,246,000 after buying an additional 689 shares in the last quarter. FMR LLC boosted its stake in Yelp by 0.5% in the second quarter. FMR LLC now owns 176,322 shares of the local business review company’s stock worth $4,896,000 after purchasing an additional 805 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Yelp by 4.0% during the first quarter. Ontario Teachers Pension Plan Board now owns 22,487 shares of the local business review company’s stock worth $767,000 after acquiring an additional 873 shares during the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in Yelp in the third quarter valued at about $32,000. 93.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut Yelp from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $34.00 to $23.00 in a research report on Tuesday, December 20th. TheStreet downgraded Yelp from a “b-” rating to a “c” rating in a report on Thursday, December 8th. Credit Suisse Group boosted their price objective on Yelp from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, February 10th. The Goldman Sachs Group boosted their target price on shares of Yelp from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Finally, Morgan Stanley increased their target price on Yelp from $26.00 to $28.00 and gave the company an “underweight” rating in a research note on Friday, February 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.00.

Insider Buying and Selling at Yelp

In related news, CEO Jeremy Stoppelman sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $28.65, for a total transaction of $1,432,500.00. Following the completion of the transaction, the chief executive officer now owns 501,736 shares in the company, valued at approximately $14,374,736.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $25.77, for a total transaction of $154,620.00. Following the completion of the sale, the chief operating officer now directly owns 265,053 shares of the company’s stock, valued at approximately $6,830,415.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeremy Stoppelman sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $28.65, for a total transaction of $1,432,500.00. Following the completion of the sale, the chief executive officer now directly owns 501,736 shares of the company’s stock, valued at $14,374,736.40. The disclosure for this sale can be found here. Insiders sold a total of 390,605 shares of company stock valued at $11,371,956 in the last three months. Company insiders own 7.70% of the company’s stock.

Yelp Stock Performance

Shares of NYSE YELP opened at $30.02 on Wednesday. The firm’s fifty day moving average is $29.62 and its two-hundred day moving average is $31.93. Yelp Inc. has a 52-week low of $25.30 and a 52-week high of $39.26. The company has a market cap of $2.09 billion, a P/E ratio of 58.86 and a beta of 1.43.

Yelp (NYSE:YELP – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The local business review company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $309.10 million for the quarter, compared to the consensus estimate of $306.34 million. Yelp had a net margin of 3.05% and a return on equity of 5.09%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. As a group, analysts forecast that Yelp Inc. will post 0.98 EPS for the current fiscal year.

About Yelp

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Yelp, Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company’s platform covers various local business 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.