Entropy Technologies LP Has $950,000 Stake in Yelp Inc. (NYSE:YELP)

Entropy Technologies LP raised its holdings in Yelp Inc. (NYSE:YELP) by 57.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,537 shares of the local business review company’s stock after acquiring an additional 8,966 shares during the quarter. Entropy Technologies LP’s holdings in Yelp were worth $950,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YELP. GAMMA Investing LLC grew its holdings in shares of Yelp by 115.9% in the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after acquiring an additional 524 shares in the last quarter. Fifth Third Bancorp boosted its position in Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after purchasing an additional 405 shares in the last quarter. Signaturefd LLC increased its position in shares of Yelp by 98.5% during the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after purchasing an additional 583 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Yelp during the 3rd quarter worth approximately $54,000. 90.11% of the stock is owned by institutional investors.

Insider Transactions at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 211,988 shares in the company, valued at $8,117,020.52. This represents a 4.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of Yelp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the sale, the chief technology officer now owns 122,480 shares of the company’s stock, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,011 shares of company stock worth $1,677,131. Company insiders own 7.40% of the company’s stock.

Yelp Stock Up 0.2 %

Shares of YELP stock opened at $39.64 on Tuesday. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $45.91. The company has a market capitalization of $2.61 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33. The firm has a 50 day moving average price of $39.42 and a two-hundred day moving average price of $36.45.

Analysts Set New Price Targets

Several equities analysts recently weighed in on YELP shares. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Robert W. Baird decreased their price objective 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. Morgan Stanley upped their target price on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Finally, Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. Two equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.17.

About Yelp

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.