Yelp Inc. (NYSE:YELP) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 74.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,329 shares of the local business review company's stock after selling 35,883 shares during the period. Y Intercept Hong Kong Ltd's holdings in Yelp were worth $433,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in YELP. CWM LLC lifted its position in shares of Yelp by 24.7% during the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company's stock worth $70,000 after purchasing an additional 377 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Yelp by 54.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock worth $40,000 after buying an additional 405 shares during the last quarter. Fifth Third Bancorp boosted its position 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 worth $25,000 after acquiring an additional 481 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Yelp by 115.9% during the 3rd 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. Finally, Signaturefd LLC lifted its stake in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock worth $41,000 after purchasing an additional 583 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Yelp Stock Down 0.4 %

YELP traded down $0.15 on Tuesday, hitting $39.67. 661,075 shares of the company traded hands, compared to its average volume of 722,335. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $48.99. The company has a 50 day moving average of $36.28 and a 200-day moving average of $35.62. The stock has a market capitalization of $2.61 billion, a PE ratio of 23.76, a PEG ratio of 0.71 and a beta of 1.35.

Insider Buying and Selling

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the completion of the sale, the insider now owns 184,558 shares of the company's stock, valued at approximately $7,022,431.90. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carmen Amara sold 12,854 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the transaction, the insider now directly owns 88,813 shares in the company, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,865 shares of company stock valued at $1,537,218 over the last three months. 7.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

YELP has been the topic of several recent analyst reports. 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 note on Friday, November 8th. The Goldman Sachs Group lowered shares of Yelp from a "buy" rating to a "neutral" rating and cut their price target for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Evercore ISI upgraded shares of Yelp to a "hold" rating in a research note on Monday, November 11th. Bank of America began coverage on Yelp in a research report on Monday, September 16th. They set an "underperform" rating and a $30.00 target price on the stock. Finally, StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.