Duality Advisers LP Sells 3,477 Shares of Yelp Inc. (NYSE:YELP)

Posted by on May 8th, 2023

Duality Advisers LP reduced its position in Yelp Inc. (NYSE:YELP – Get Rating) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,486 shares of the local business review company’s stock after selling 3,477 shares during the quarter. Duality Advisers LP’s holdings in Yelp were worth $341,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in shares of Yelp by 183.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 33,598 shares of the local business review company’s stock valued at $1,139,000 after purchasing an additional 21,732 shares during the last quarter. AXA S.A. acquired a new position in shares of Yelp during the 3rd quarter valued at $502,000. Allianz Asset Management GmbH lifted its position in shares of Yelp by 491.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 108,734 shares of the local business review company’s stock valued at $3,687,000 after acquiring an additional 90,337 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Yelp during the 3rd quarter valued at $651,000. Finally, WINTON GROUP Ltd lifted its position in shares of Yelp by 17.1% during the 3rd quarter. WINTON GROUP Ltd now owns 21,975 shares of the local business review company’s stock valued at $745,000 after acquiring an additional 3,203 shares during the period. 93.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Friday. Barclays lowered their price objective on shares of Yelp from $30.00 to $26.00 in a report on Friday. The Goldman Sachs Group upped their price objective on shares of Yelp from $32.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, February 10th. Wells Fargo & Company upped their price objective on shares of Yelp from $31.00 to $39.00 in a report on Monday, February 13th. Finally, Credit Suisse Group increased their target price on shares of Yelp from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Yelp currently has a consensus rating of “Hold” and a consensus price target of $34.89.

Yelp Stock Performance

YELP opened at $27.88 on Monday. The firm has a market cap of $1.94 billion, a P/E ratio of 55.76 and a beta of 1.45. The firm has a 50-day moving average of $29.73 and a 200 day moving average of $30.19. Yelp Inc. has a fifty-two week low of $25.30 and a fifty-two week high of $39.26.

Yelp (NYSE:YELP – Get Rating) last issued its earnings results on Thursday, February 9th. The local business review company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The business had revenue of $309.10 million for the quarter, compared to the consensus estimate of $306.34 million. Yelp had a return on equity of 5.48% and a net margin of 2.94%. Yelp’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Equities research analysts predict that Yelp Inc. will post 0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Yelp news, CTO Sam Eaton sold 7,121 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $30.00, for a total transaction of $213,630.00. Following the completion of the transaction, the chief technology officer now owns 237,190 shares in the company, valued at $7,115,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Sam Eaton sold 7,121 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $30.00, for a total value of $213,630.00. Following the completion of the transaction, the chief technology officer now directly owns 237,190 shares in the company, valued at $7,115,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $30.77, for a total transaction of $184,620.00. Following the completion of the transaction, the chief operating officer now owns 339,743 shares of the company’s stock, valued at $10,453,892.11. The disclosure for this sale can be found here. Insiders sold 25,274 shares of company stock worth $765,757 over the last quarter. 7.70% of the stock is currently owned by company insiders.

Yelp Profile

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Yelp, Inc engages in the business of operating a community-driven platform that connects people with great local businesses. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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