Intech Investment Management LLC Takes $745,000 Position in Yelp Inc. (NYSE:YELP)

Intech Investment Management LLC acquired a new position in shares of Yelp Inc. (NYSE:YELP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,239 shares of the local business review company's stock, valued at approximately $745,000.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in Yelp by 262.8% during the second 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. bought a new stake in shares of Yelp during the second quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock valued at $34,000 after purchasing an additional 524 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock valued at $40,000 after purchasing an additional 405 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock valued at $41,000 after purchasing an additional 583 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

YELP has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Yelp from a "buy" rating to a "neutral" rating and decreased their price target for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Robert W. Baird decreased their price target on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Yelp from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Bank of America started coverage on shares of Yelp in a report on Monday, September 16th. They issued an "underperform" rating and a $30.00 price objective on the stock. Finally, Evercore ISI upgraded shares of Yelp to a "hold" rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Yelp currently has a consensus rating of "Hold" and a consensus target price of $37.00.

Insider Transactions at Yelp

In related news, insider Carmen Amara sold 12,854 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares of the company's stock, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the firm's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the transaction, the chief operating officer now directly owns 255,558 shares of the company's stock, valued at approximately $8,694,083.16. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,598 shares of company stock valued at $1,106,106 over the last quarter. Corporate insiders own 7.40% of the company's stock.

Yelp Stock Performance

YELP opened at $38.22 on Friday. The firm's fifty day moving average is $35.11 and its two-hundred day moving average is $35.45. The firm has a market cap of $2.52 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.69 and a beta of 1.33. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99.

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.