Robeco Institutional Asset Management B.V. Purchases 148,917 Shares of Yelp Inc. (NYSE:YELP)

Robeco Institutional Asset Management B.V. grew its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 114.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 279,180 shares of the local business review company's stock after buying an additional 148,917 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.42% of Yelp worth $9,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new position in Yelp during the first quarter worth about $25,000. Fifth Third Bancorp raised its stake in shares of Yelp by 262.8% during the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company's stock valued at $25,000 after purchasing an additional 481 shares during the period. Meeder Asset Management Inc. bought a new position in Yelp in the 2nd quarter worth about $25,000. GAMMA Investing LLC grew its holdings in Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock valued at $34,000 after buying an additional 524 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of 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 valued at $40,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.

Insider Buying and Selling at Yelp

In other news, CTO Sam Eaton sold 10,776 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now owns 145,171 shares in the company, valued at approximately $5,080,985. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CTO Sam Eaton sold 10,776 shares of the business's 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on YELP shares. Morgan Stanley increased their price objective on Yelp from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 23rd. Robert W. Baird lowered their price target on Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday. The Goldman Sachs Group lowered Yelp from a "buy" rating to a "neutral" rating and cut their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Bank of America assumed 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 cut shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.00.

Yelp Price Performance

YELP traded down $0.77 during midday trading on Friday, reaching $35.60. 1,240,264 shares of the company's stock traded hands, compared to its average volume of 723,453. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 0.84 and a beta of 1.33. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The firm has a fifty day moving average of $34.28 and a two-hundred day moving average of $35.79.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The business had revenue of $357.00 million for the quarter, compared to analysts' expectations of $352.98 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Yelp Inc. will post 1.69 EPS 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.