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

Ingalls & Snyder LLC decreased its position in Yelp Inc. (NYSE:YELP) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,048 shares of the local business review company’s stock after selling 888 shares during the quarter. Ingalls & Snyder LLC owned about 0.15% of Yelp worth $3,615,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in 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 acquiring an additional 481 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Yelp in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC lifted its stake in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after purchasing an additional 524 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Yelp by 54.5% during the third 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 in the last quarter. Finally, Signaturefd LLC grew its position in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after buying an additional 583 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on YELP shares. JPMorgan Chase & Co. reduced their price objective 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 research report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target for the company. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Finally, Evercore ISI upgraded shares of Yelp to a “hold” rating in a report on Monday, November 11th. Two research 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Insiders Place Their Bets

In other Yelp news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction that occurred on Friday, November 29th. The shares were 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 directly owns 184,558 shares in the company, valued at $7,022,431.90. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $38.29, for a total transaction of $382,900.00. Following the completion of the sale, the chief financial officer now directly owns 211,988 shares of the company’s stock, valued at $8,117,020.52. This represents a 4.50 % 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 worth $1,537,218 in the last quarter. 7.40% of the stock is currently owned by corporate insiders.

Yelp Stock Performance

Shares of NYSE YELP traded down $0.23 during mid-day trading on Tuesday, reaching $38.32. The company had a trading volume of 46,464 shares, compared to its average volume of 726,641. The stock has a fifty day moving average of $35.28 and a two-hundred day moving average of $35.42. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $48.99. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 0.68 and a beta of 1.35.

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.