Yelp Inc. (NYSE:YELP) Position Trimmed by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Yelp Inc. (NYSE:YELP) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,952 shares of the local business review company’s stock after selling 1,165 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Yelp were worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Yelp by 24.7% in the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock valued at $70,000 after buying an additional 377 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after buying an additional 405 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after buying an additional 481 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Yelp by 115.9% in 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, Signaturefd LLC grew its stake in shares of 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. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Stock Up 2.2 %

Shares of YELP stock opened at $38.08 on Friday. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $48.99. The firm has a market cap of $2.51 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The stock has a 50 day moving average of $35.04 and a 200-day moving average of $35.44.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YELP. Robert W. Baird lowered their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Bank of America initiated coverage on Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price for the company. Finally, The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.00.

Insider Transactions at Yelp

In other news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was 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 in the company, valued at $8,694,083.16. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the transaction, the chief technology officer now owns 122,480 shares of the company’s stock, valued at approximately $4,301,497.60. This trade represents a 8.06 % 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 over the last three months. 7.40% of the stock is currently owned by insiders.

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.