Entropy Technologies LP Purchases 8,966 Shares of Yelp Inc. (NYSE:YELP)

Entropy Technologies LP increased its stake in Yelp Inc. (NYSE:YELP - Free Report) by 57.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,537 shares of the local business review company's stock after acquiring an additional 8,966 shares during the period. Entropy Technologies LP's holdings in Yelp were worth $950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YELP. Sanctuary Advisors LLC purchased a new position in Yelp in the second quarter worth $499,000. Handelsbanken Fonder AB grew its position in Yelp by 28.5% in the third quarter. Handelsbanken Fonder AB now owns 17,581 shares of the local business review company's stock worth $617,000 after acquiring an additional 3,900 shares in the last quarter. GAMMA Investing LLC grew its position in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock worth $34,000 after acquiring an additional 524 shares in the last quarter. CWM LLC grew its position in Yelp by 87.5% in the third quarter. CWM LLC now owns 3,568 shares of the local business review company's stock worth $125,000 after acquiring an additional 1,665 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock worth $40,000 after acquiring an additional 405 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $39.51, for a total value of $395,100.00. Following the completion of the transaction, the chief financial officer now directly owns 191,988 shares of the company's stock, valued at $7,585,445.88. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total transaction of $38,400.00. Following the transaction, the insider now directly owns 182,558 shares of the company's stock, valued at $7,010,227.20. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,011 shares of company stock valued at $1,677,131 over the last three months. Corporate insiders own 7.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley upped their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. StockNews.com upgraded shares of Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Evercore ISI upgraded shares of Yelp to a "hold" rating in a research report on Monday, November 11th. Finally, Robert W. Baird cut their price target on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Two 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. Based on data from MarketBeat.com, Yelp has a consensus rating of "Hold" and a consensus price target of $37.17.

Yelp Stock Down 8.1 %

Shares of Yelp stock traded down $3.27 during trading on Friday, reaching $37.28. 1,650,764 shares of the stock were exchanged, compared to its average volume of 646,455. The stock's fifty day moving average is $39.49 and its 200 day moving average is $36.53. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $45.05.

Yelp (NYSE:YELP - Get Free Report) last posted its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. Yelp had a net margin of 8.48% and a return on equity of 16.02%. Equities analysts forecast that Yelp Inc. will post 1.8 earnings per share for the current year.

Yelp Company 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.