Berkshire Asset Management eliminated its position in shares of Yelp Inc (NYSE:YELP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The hedge fund previously had a 10,000 share position in the local business review company, valued at approximately $215,900. Berkshire Asset Management was fully divested from the local business review company by the time it had filed its most recent disclosure with the SEC.

Shares of Yelp Inc (NYSE:YELP) opened at 21.59 on Thursday. Yelp Inc has a one year low of $18.94 and a one year high of $57.70. The stock’s 50 day moving average price is $25.66 and its 200 day moving average price is $26.02. The stock has a market cap of $1.63 billion and a price-to-earnings ratio of 73.44.

Yelp (NYSE:YELP) last released its quarterly earnings results on Wednesday, October 28th. The local business review company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.12. The firm had revenue of $143.60 million for the quarter, compared to analysts’ expectations of $141.42 million. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. Analysts forecast that Yelp Inc will post ($0.17) earnings per share for the current year.

Several analysts recently commented on YELP shares. B. Riley cut their price objective on Yelp from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Macquarie cut their price objective on Yelp from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Barclays cut their price objective on Yelp from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, October 29th. Credit Suisse reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Yelp in a report on Wednesday, January 13th. Finally, Oddo & Cie reaffirmed a “sell” rating and issued a $17.50 price objective on shares of Yelp in a report on Saturday, October 31st. Seven analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Yelp presently has an average rating of “Hold” and a consensus price target of $38.88.

In other Yelp news, COO Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $28.29, for a total value of $169,740.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yelp Inc. (NYSE: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 engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.

12 Month Chart for NYSE:YELP

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