Yelp Inc. (NYSE:YELP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of Yelp Inc. (NYSE:YELP) by 6.2% during the third quarter, Holdings Channel reports. The fund owned 52,542 shares of the local business review company’s stock after selling 3,458 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Yelp were worth $1,843,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its stake in Yelp by 262.8% during 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 last quarter. Meeder Asset Management Inc. acquired a new position in shares of Yelp during the second quarter worth approximately $25,000. GAMMA Investing LLC grew its holdings in Yelp by 115.9% in the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after buying an additional 524 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after acquiring an additional 405 shares during the period. Finally, Signaturefd LLC raised its stake in Yelp by 98.5% during the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling at Yelp

In related news, CTO Sam Eaton sold 10,744 shares of the stock in a transaction on 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 transaction, the chief technology officer now owns 122,480 shares in the company, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Carmen Amara sold 12,854 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the sale, the insider now owns 88,813 shares in the company, valued at approximately $3,389,992.21. The trade was a 12.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,598 shares of company stock valued at $1,106,106. Corporate insiders own 7.40% of the company’s stock.

Yelp Price Performance

YELP stock opened at $38.08 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 22.80, a P/E/G ratio of 0.68 and a beta of 1.33. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $48.99. The firm has a 50 day simple moving average of $35.04 and a 200 day simple moving average of $35.44.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $38.00 in a research report on Monday, October 14th. Robert W. Baird dropped their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Bank of America initiated coverage on shares of Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective for the company. Finally, StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.00.

About Yelp

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.