Yelp Inc. (NYSE:YELP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in shares of Yelp Inc. (NYSE:YELP) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,041,119 shares of the local business review company’s stock after selling 11,184 shares during the quarter. Fisher Asset Management LLC’s holdings in Yelp were worth $36,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Bancorp increased its holdings in 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 acquiring an additional 481 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Yelp in the second quarter valued at approximately $25,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 524 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of 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 purchasing an additional 405 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after buying an additional 583 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group downgraded Yelp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Bank of America assumed coverage on shares of Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price for the company. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.00.

Insider Transactions at Yelp

In other news, CTO Sam Eaton sold 10,744 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now owns 122,480 shares of the company’s stock, valued at $4,301,497.60. This represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 30,598 shares of company stock worth $1,106,106 in the last ninety days. Insiders own 7.40% of the company’s stock.

Yelp Stock Performance

Yelp stock opened at $37.26 on Wednesday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.66 and a beta of 1.33. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99. The firm has a 50 day moving average price of $34.89 and a 200 day moving average price of $35.41.

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.