Y Intercept Hong Kong Ltd Has $550,000 Holdings in Yelp Inc. (NYSE:YELP)

Y Intercept Hong Kong Ltd lifted its position in shares of Yelp Inc. (NYSE:YELP) by 15.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,219 shares of the local business review company’s stock after purchasing an additional 1,890 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Yelp were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of YELP. Creative Planning grew its holdings in shares of Yelp by 168.6% during the 3rd quarter. Creative Planning now owns 19,131 shares of the local business review company’s stock worth $671,000 after purchasing an additional 12,008 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Yelp by 9,073.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company’s stock worth $84,000 after purchasing an additional 2,359 shares in the last quarter. US Bancorp DE grew its holdings in shares of Yelp by 18.9% during the 3rd quarter. US Bancorp DE now owns 19,546 shares of the local business review company’s stock worth $686,000 after purchasing an additional 3,101 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Yelp by 114.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock valued at $9,794,000 after buying an additional 148,917 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Yelp in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on YELP shares. StockNews.com raised 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 note on Monday, November 11th. Robert W. Baird decreased their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.17.

Insider Transactions at Yelp

In other news, CTO Sam Eaton sold 21,989 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares in the company, valued at $5,467,776.30. The trade was a 12.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the sale, the chief financial officer now owns 242,916 shares of the company’s stock, valued at approximately $8,453,476.80. The trade was a 3.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,256 shares of company stock worth $2,047,609 over the last 90 days. 7.40% of the stock is owned by insiders.

Yelp Stock Performance

Shares of YELP opened at $34.27 on Friday. The stock has a fifty day moving average price of $38.77 and a two-hundred day moving average price of $36.65. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $41.72. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.76 and a beta of 1.33.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. As a group, research analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

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.