Janus Capital Management LLC Has $1,060,000 Stake in Yelp Inc (YELP)

Janus Capital Management LLC boosted its position in shares of Yelp Inc (NYSE:YELP) by 215.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,800 shares of the local business review company’s stock after buying an additional 19,000 shares during the period. Janus Capital Management LLC’s holdings in Yelp were worth $1,060,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in YELP. FNY Managed Accounts LLC purchased a new stake in Yelp during the third quarter worth about $100,000. US Bancorp DE raised its stake in Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock worth $165,000 after buying an additional 3,849 shares in the last quarter. TLP Group LLC purchased a new stake in Yelp during the third quarter worth about $187,000. Ardsley Advisory Partners purchased a new stake in Yelp during the third quarter worth about $250,000. Finally, Advisor Group Inc. raised its stake in Yelp by 919.2% in the third quarter. Advisor Group Inc. now owns 6,859 shares of the local business review company’s stock worth $286,000 after buying an additional 6,186 shares in the last quarter. Institutional investors and hedge funds own 74.24% of the company’s stock.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

Shares of Yelp Inc (NYSE:YELP) opened at 34.11 on Monday. Yelp Inc has a 52 week low of $18.65 and a 52 week high of $43.41. The stock has a 50 day moving average of $36.52 and a 200-day moving average of $37.63. The firm’s market capitalization is $2.72 billion.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, February 9th. The local business review company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.03 by $0.24. The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $194.51 million. Yelp had a negative net margin of 0.65% and a negative return on equity of 0.01%. The business’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Equities analysts anticipate that Yelp Inc will post $0.08 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $36.00 price target on shares of Yelp in a report on Friday, February 10th. Axiom Securities cut their price target on shares of Yelp from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 10th. Vetr upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating and set a $43.44 price target on the stock in a report on Thursday, December 22nd. Aegis assumed coverage on shares of Yelp in a report on Tuesday, December 13th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Mizuho cut their price target on shares of Yelp from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, February 10th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Yelp currently has an average rating of “Buy” and an average target price of $40.59.

In other Yelp news, Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $36.30, for a total transaction of $145,200.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at approximately $145,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Stoppelman sold 7,784 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $34.44, for a total transaction of $268,080.96. Following the sale, the senior vice president now owns 125,431 shares in the company, valued at $4,319,843.64. The disclosure for this sale can be found here. Insiders have sold a total of 169,284 shares of company stock worth $6,831,951 over the last 90 days. Corporate insiders own 11.08% of the company’s stock.

About Yelp

Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.

5 Day Chart for NYSE:YELP

Want to see what other hedge funds are holding YELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yelp Inc (NYSE:YELP).

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