Yelp Inc. (NYSE:YELP) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its holdings in Yelp Inc. (NYSE:YELP) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,662 shares of the local business review company’s stock after selling 8,386 shares during the period. Ingalls & Snyder LLC’s holdings in Yelp were worth $3,663,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in Yelp by 87.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company’s stock worth $19,659,000 after buying an additional 236,400 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Yelp by 114.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock worth $9,794,000 after buying an additional 148,917 shares during the period. Barclays PLC increased its stake in Yelp by 347.9% during the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after buying an additional 124,561 shares during the period. Ellsworth Advisors LLC purchased a new stake in Yelp during the 4th quarter worth $4,279,000. Finally, Bridgewater Associates LP increased its stake in Yelp by 136.5% during the 3rd quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock worth $6,371,000 after buying an additional 104,839 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Stock Performance

NYSE YELP opened at $39.68 on Thursday. The company has a 50-day simple moving average of $39.48 and a 200-day simple moving average of $36.50. The firm has a market capitalization of $2.61 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33. Yelp Inc. has a one year low of $32.56 and a one year high of $45.60.

Analysts Set New Price Targets

YELP has been the subject of several research analyst reports. Robert W. Baird dropped their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Evercore ISI raised shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Yelp has a consensus rating of “Hold” and a consensus price target of $37.17.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.72, for a total transaction of $397,200.00. Following the sale, the chief financial officer now directly owns 201,988 shares in the company, valued at approximately $8,022,963.36. The trade was a 4.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the sale, the insider now owns 182,558 shares in the company, valued at $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,011 shares of company stock valued at $1,677,131 in the last ninety days. Company insiders own 7.40% of the company’s stock.

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.