Y Intercept Hong Kong Ltd Sells 35,883 Shares of Yelp Inc. (NYSE:YELP)

Y Intercept Hong Kong Ltd decreased its position in Yelp Inc. (NYSE:YELP) by 74.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,329 shares of the local business review company’s stock after selling 35,883 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Yelp were worth $433,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of Yelp by 1.8% in the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after buying an additional 48,363 shares during the last quarter. State Street Corp boosted its stake in shares of Yelp by 0.9% during the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock worth $89,567,000 after acquiring an additional 23,719 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Yelp by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock valued at $62,587,000 after acquiring an additional 33,046 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Yelp by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock worth $41,205,000 after purchasing an additional 56,618 shares in the last quarter. Finally, FMR LLC raised its holdings in Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after purchasing an additional 78,585 shares during the period. 90.11% of the stock is currently owned by institutional investors.

Insider Activity at Yelp

In other news, insider Carmen Amara sold 12,854 shares of Yelp stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares in the company, valued at approximately $3,389,992.21. The trade was a 12.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.29, for a total value of $382,900.00. Following the sale, the chief financial officer now owns 211,988 shares in the company, valued at $8,117,020.52. The trade was a 4.50 % 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 valued at $1,537,218. 7.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on YELP. 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 research report on Monday, October 14th. Bank of America assumed coverage on shares of Yelp in a research note on Monday, September 16th. They set an “underperform” rating and a $30.00 target price on the stock. Robert W. Baird dropped their price target 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. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.00.

Yelp Price Performance

NYSE YELP opened at $39.83 on Tuesday. The stock has a market capitalization of $2.62 billion, a PE ratio of 23.85, a P/E/G ratio of 0.71 and a beta of 1.35. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99. The business has a 50 day simple moving average of $36.28 and a two-hundred day simple moving average of $35.62.

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.