Avion Wealth Boosts Stock Holdings in Yelp Inc. (NYSE:YELP)

Avion Wealth lifted its position in shares of Yelp Inc. (NYSE:YELP) by 1,963.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 908 shares of the local business review company’s stock after purchasing an additional 864 shares during the period. Avion Wealth’s holdings in Yelp were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of Yelp by 1.8% during the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after purchasing an additional 48,363 shares during the period. State Street Corp raised its stake in Yelp by 0.9% in the third quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock worth $89,567,000 after buying an additional 23,719 shares in the last quarter. Geode Capital Management LLC raised its stake in Yelp by 3.8% in the third quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock worth $61,724,000 after buying an additional 64,381 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Yelp by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock worth $41,205,000 after buying an additional 56,618 shares in the last quarter. Finally, FMR LLC raised its stake in Yelp by 13.7% in the third quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after buying an additional 78,585 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on YELP. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley raised their target price 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. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, Robert W. Baird reduced their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Yelp currently has a consensus rating of “Hold” and a consensus price target of $37.17.

Insider Buying and Selling

In other Yelp news, CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now owns 122,480 shares in the company, valued at $4,301,497.60. This represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $38.05, for a total value of $38,050.00. Following the transaction, the insider now directly owns 184,558 shares in the company, valued at approximately $7,022,431.90. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,011 shares of company stock worth $1,677,131. 7.40% of the stock is owned by insiders.

Yelp Trading Up 1.0 %

Shares of YELP stock opened at $40.07 on Wednesday. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $45.91. The firm’s 50 day moving average is $39.46 and its 200 day moving average is $36.47. The stock has a market capitalization of $2.64 billion, a P/E ratio of 23.99, a P/E/G ratio of 0.55 and a beta of 1.33.

Yelp Profile

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.