Holocene Advisors LP Takes $2.86 Million Position in Yelp Inc. (NYSE:YELP)

Holocene Advisors LP acquired a new position in shares of Yelp Inc. (NYSE:YELP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 81,510 shares of the local business review company’s stock, valued at approximately $2,859,000.

A number of other hedge funds have also bought and sold shares of YELP. Centiva Capital LP lifted its stake in shares of Yelp by 40.5% during the 3rd quarter. Centiva Capital LP now owns 18,729 shares of the local business review company’s stock worth $657,000 after acquiring an additional 5,401 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Yelp during the third quarter worth $293,000. Martingale Asset Management L P boosted its stake in shares of Yelp by 15.1% during the third quarter. Martingale Asset Management L P now owns 60,240 shares of the local business review company’s stock valued at $2,113,000 after purchasing an additional 7,907 shares during the period. Vinva Investment Management Ltd grew its holdings in shares of Yelp by 9.7% in the third quarter. Vinva Investment Management Ltd now owns 14,210 shares of the local business review company’s stock worth $498,000 after purchasing an additional 1,253 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in Yelp in the 3rd quarter worth about $732,000. Institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on YELP shares. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI raised Yelp to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Robert W. Baird dropped their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Bank of America started coverage on shares of Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.00.

Insider Buying and Selling at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.29, for a total transaction of $382,900.00. Following the sale, the chief financial officer now directly owns 211,988 shares of the company’s stock, valued at $8,117,020.52. The trade was a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief technology officer now owns 122,480 shares of the company’s stock, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,865 shares of company stock worth $1,537,218. 7.40% of the stock is owned by insiders.

Yelp Price Performance

Yelp stock opened at $38.22 on Friday. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99. The business has a fifty day moving average price of $35.53 and a 200-day moving average price of $35.47. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.68 and a beta of 1.35.

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.