Intech Investment Management LLC Takes Position in Yelp Inc. (NYSE:YELP)

Intech Investment Management LLC acquired a new stake in Yelp Inc. (NYSE:YELP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 21,239 shares of the local business review company’s stock, valued at approximately $745,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC boosted its position in shares of Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock worth $1,001,000 after buying an additional 15,451 shares during the period. Ceera Investments LLC grew its stake in Yelp by 10.0% in the third quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock valued at $6,701,000 after purchasing an additional 17,420 shares in the last quarter. Algert Global LLC increased its position in shares of Yelp by 11.0% during the 2nd quarter. Algert Global LLC now owns 189,864 shares of the local business review company’s stock worth $7,015,000 after purchasing an additional 18,786 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Yelp during the 3rd quarter worth approximately $546,000. Finally, TD Asset Management Inc boosted its holdings in shares of Yelp by 79.7% in the 2nd quarter. TD Asset Management Inc now owns 56,800 shares of the local business review company’s stock valued at $2,099,000 after buying an additional 25,200 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling

In other news, CTO Sam Eaton sold 10,744 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Carmen Amara sold 12,854 shares of the stock in a transaction that occurred 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 owns 88,813 shares in the company, valued at $3,389,992.21. This represents a 12.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,598 shares of company stock valued at $1,106,106 over the last 90 days. 7.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on YELP. Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Bank of America assumed coverage on shares of Yelp in a research report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective on the stock. The Goldman Sachs Group downgraded shares of 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. 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, Evercore ISI raised Yelp to a “hold” rating in a research report on Monday, November 11th. Two 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 stock. According to MarketBeat.com, Yelp currently has a consensus rating of “Hold” and an average price target of $37.00.

Yelp Trading Up 0.4 %

Shares of YELP opened at $38.22 on Friday. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $48.99. The firm’s 50 day moving average is $35.11 and its 200-day moving average is $35.45. The stock has a market capitalization of $2.52 billion, a PE ratio of 22.89, a P/E/G ratio of 0.69 and a beta of 1.33.

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.