Raymond James & Associates Has $3.96 Million Stake in Yelp Inc. (NYSE:YELP)

Raymond James & Associates trimmed its stake in Yelp Inc. (NYSE:YELP – Get Rating) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,813 shares of the local business review company’s stock after selling 6,380 shares during the period. Raymond James & Associates’ holdings in Yelp were worth $3,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of YELP. PNC Financial Services Group Inc. boosted its position in Yelp by 33.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the local business review company’s stock valued at $169,000 after acquiring an additional 1,241 shares during the last quarter. MetLife Investment Management LLC boosted its position in Yelp by 41.2% during the first quarter. MetLife Investment Management LLC now owns 81,542 shares of the local business review company’s stock valued at $2,781,000 after acquiring an additional 23,806 shares during the last quarter. Rhumbline Advisers boosted its position in Yelp by 4.2% during the first quarter. Rhumbline Advisers now owns 196,631 shares of the local business review company’s stock valued at $6,707,000 after acquiring an additional 8,007 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Yelp by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,154 shares of the local business review company’s stock valued at $858,000 after acquiring an additional 2,398 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Yelp by 9.2% during the first quarter. Great West Life Assurance Co. Can now owns 39,573 shares of the local business review company’s stock valued at $1,389,000 after acquiring an additional 3,344 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Yelp Stock Performance

NYSE:YELP opened at $34.18 on Thursday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 68.36 and a beta of 1.45. Yelp Inc. has a 52 week low of $25.30 and a 52 week high of $39.26. The firm has a 50-day moving average price of $30.15 and a two-hundred day moving average price of $29.68.

Insider Buying and Selling at Yelp

In other Yelp news, CTO Sam Eaton sold 10,181 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $32.31, for a total value of $328,948.11. Following the completion of the sale, the chief technology officer now owns 216,165 shares in the company, valued at approximately $6,984,291.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $30.77, for a total transaction of $184,620.00. Following the completion of the sale, the chief operating officer now owns 339,743 shares in the company, valued at approximately $10,453,892.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Sam Eaton sold 10,181 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $32.31, for a total transaction of $328,948.11. Following the sale, the chief technology officer now owns 216,165 shares of the company’s stock, valued at approximately $6,984,291.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,302 shares of company stock worth $985,678. Insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on YELP shares. Morgan Stanley increased their price objective on shares of Yelp from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Friday, February 10th. Credit Suisse Group increased their price objective on shares of Yelp from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Wells Fargo & Company increased their price objective on shares of Yelp from $31.00 to $39.00 in a research report on Monday, February 13th. Barclays cut their price objective on shares of Yelp from $30.00 to $26.00 in a research report on Friday, May 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Yelp from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Yelp has a consensus rating of “Hold” and a consensus price target of $34.63.

Yelp Company Profile

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Yelp, Inc engages in the business of operating a community-driven platform that connects people with great local businesses. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA.