Yelp Inc. (NYSE:YELP) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in Yelp Inc. (NYSE:YELP) by 54.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,148 shares of the local business review company’s stock after acquiring an additional 405 shares during the period. Exchange Traded Concepts LLC’s holdings in Yelp were worth $40,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Yelp by 0.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock worth $3,398,000 after purchasing an additional 288 shares during the period. CWM LLC increased its holdings in shares of Yelp by 24.7% during the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after buying an additional 377 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after buying an additional 481 shares during the period. GAMMA Investing LLC boosted its holdings in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after acquiring an additional 524 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Yelp during the first quarter worth about $25,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on YELP shares. Morgan Stanley raised their price objective on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Wolfe Research started coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. The Goldman Sachs Group downgraded Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. dropped their target price on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Bank of America started coverage on Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.33.

Yelp Trading Down 0.1 %

Shares of NYSE YELP opened at $33.38 on Thursday. The business has a 50 day simple moving average of $34.23 and a 200-day simple moving average of $36.18. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.33.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The company had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $352.98 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts predict that Yelp Inc. will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In other Yelp news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief operating officer now owns 255,558 shares of the company’s stock, valued at $8,694,083.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Sam Eaton sold 10,776 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at $5,080,985. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,776 shares of company stock worth $848,050 over the last quarter. 7.40% of the stock is owned by company insiders.

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.