Ceera Investments LLC Purchases 17,420 Shares of Yelp Inc. (NYSE:YELP)

Ceera Investments LLC lifted its stake in Yelp Inc. (NYSE:YELP - Free Report) by 10.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,017 shares of the local business review company's stock after buying an additional 17,420 shares during the quarter. Yelp makes up about 2.5% of Ceera Investments LLC's investment portfolio, making the stock its 7th largest position. Ceera Investments LLC owned about 0.29% of Yelp worth $6,701,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC grew its position in shares of Yelp by 132.7% in the 2nd quarter. Quest Partners LLC now owns 27,094 shares of the local business review company's stock worth $1,001,000 after buying an additional 15,451 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Yelp in the first quarter valued at approximately $594,000. CANADA LIFE ASSURANCE Co boosted its holdings in Yelp by 7.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company's stock valued at $2,409,000 after purchasing an additional 4,306 shares during the last quarter. Algert Global LLC raised its holdings in Yelp by 11.0% in the 2nd quarter. Algert Global LLC now owns 189,864 shares of the local business review company's stock valued at $7,015,000 after buying an additional 18,786 shares during the period. Finally, TD Asset Management Inc increased its holdings in Yelp by 79.7% in the 2nd quarter. TD Asset Management Inc now owns 56,800 shares of the local business review company's stock valued at $2,099,000 after purchasing an additional 25,200 shares during the last quarter. Institutional investors own 90.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on YELP. Robert W. Baird reduced their target price on Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their price objective on Yelp from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, August 12th. StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a report on Monday, November 11th. Bank of America initiated coverage on shares of Yelp in a research report on Monday, September 16th. They issued an "underperform" rating and a $30.00 price target on the stock. Finally, Evercore ISI upgraded Yelp to a "hold" rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.00.

Insider Transactions at Yelp

In other news, insider Carmen Amara sold 12,854 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 88,813 shares in the company, valued at approximately $3,389,992.21. This represents a 12.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Sam Eaton sold 10,776 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now owns 145,171 shares of the company's stock, valued at $5,080,985. This trade represents a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,630 shares of company stock worth $1,105,937. Company insiders own 7.40% of the company's stock.

Yelp Trading Down 1.3 %

Shares of NYSE:YELP traded down $0.48 during midday trading on Friday, reaching $35.95. The company had a trading volume of 577,254 shares, compared to its average volume of 784,964. The stock has a market cap of $2.41 billion, a P/E ratio of 21.53, a P/E/G ratio of 0.66 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 company's 50 day moving average price is $34.58 and its 200 day moving average price is $35.58.

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.