Modus Advisors LLC Makes New Investment in Yelp Inc. (NYSE:YELP)

Modus Advisors LLC purchased a new position in shares of Yelp Inc. (NYSE:YELP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,903 shares of the local business review company’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC raised its holdings in Yelp by 75.9% in the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock worth $66,000 after acquiring an additional 741 shares during the period. Franklin Resources Inc. lifted its position in shares of Yelp by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 125,492 shares of the local business review company’s stock worth $4,323,000 after purchasing an additional 1,587 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Yelp by 11.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,648 shares of the local business review company’s stock valued at $493,000 after purchasing an additional 1,427 shares during the period. Geode Capital Management LLC grew its holdings in Yelp by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock valued at $61,724,000 after buying an additional 64,381 shares during the last quarter. Finally, Barclays PLC increased its position in Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after acquiring an additional 124,561 shares during the period. Institutional investors own 90.11% of the company’s stock.

Insider Transactions at Yelp

In other Yelp news, insider Carmen Amara sold 12,854 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the sale, the insider now owns 88,813 shares in the company, valued at $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the transaction, the insider now owns 184,558 shares of the company’s stock, valued at $7,022,431.90. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,865 shares of company stock valued at $1,734,268 over the last quarter. Corporate insiders own 7.40% of the company’s stock.

Yelp Stock Up 0.5 %

Shares of YELP traded up $0.20 on Friday, hitting $39.27. The company’s stock had a trading volume of 29,203 shares, compared to its average volume of 240,355. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 0.71 and a beta of 1.35. The firm’s fifty day moving average price is $37.47 and its 200-day moving average price is $35.83. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $46.77.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Bank of America initiated coverage on Yelp in a research report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective on the stock. Finally, Evercore ISI upgraded Yelp to a “hold” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.00.

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.