Capital Fund Management S.A. Cuts Position in Yelp Inc. (NYSE:YELP)

Capital Fund Management S.A. lowered its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,378 shares of the local business review company's stock after selling 68,479 shares during the quarter. Capital Fund Management S.A. owned approximately 0.18% of Yelp worth $4,659,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Verition Fund Management LLC bought a new position in shares of Yelp during the 3rd quarter valued at about $293,000. State Street Corp increased its position in Yelp by 0.9% during the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company's stock valued at $89,567,000 after purchasing an additional 23,719 shares during the period. Barclays PLC raised its stake in Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after buying an additional 124,561 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Yelp by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company's stock valued at $61,724,000 after purchasing an additional 64,381 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Yelp by 11.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,648 shares of the local business review company's stock valued at $493,000 after buying an additional 1,427 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley reduced their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $36.33.

Insider Activity at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the sale, the insider now owns 182,558 shares of the company's stock, valued at approximately $7,010,227.20. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the transaction, the chief financial officer now owns 242,916 shares in the company, valued at approximately $8,453,476.80. The trade was a 3.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,727 shares of company stock worth $2,029,667. 7.40% of the stock is owned by corporate insiders.

Yelp Trading Down 1.5 %

Shares of YELP traded down $0.49 during midday trading on Friday, reaching $33.06. 630,540 shares of the stock were exchanged, compared to its average volume of 739,723. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72. The company has a market capitalization of $2.15 billion, a P/E ratio of 17.22, a PEG ratio of 0.76 and a beta of 1.08. The company's 50 day moving average is $35.54 and its two-hundred day moving average is $36.86.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. The company had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, sell-side analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

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.