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

Y Intercept Hong Kong Ltd lifted its stake in Yelp Inc. (NYSE:YELP) by 15.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning lifted its stake in Yelp by 168.6% in the 3rd quarter. Creative Planning now owns 19,131 shares of the local business review company’s stock worth $671,000 after acquiring an additional 12,008 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Yelp by 9,073.1% in 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 acquiring an additional 2,359 shares in the last quarter. US Bancorp DE lifted its stake in Yelp by 18.9% in the 3rd quarter. US Bancorp DE now owns 19,546 shares of the local business review company’s stock worth $686,000 after acquiring an additional 3,101 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted 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 worth $9,794,000 after acquiring an additional 148,917 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in Yelp in the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on YELP. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Robert W. Baird cut their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Morgan Stanley raised their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.17.

Yelp Stock Performance

Shares of YELP stock opened at $34.27 on Friday. The stock’s 50 day simple moving average is $38.77 and its 200 day simple moving average is $36.65. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The company has a market capitalization 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 for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. On average, analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity at Yelp

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the sale, the chief technology officer now owns 153,159 shares of the company’s stock, valued at $5,467,776.30. This trade represents a 12.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the sale, the chief financial officer now directly owns 201,988 shares in the company, valued at $8,022,963.36. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,256 shares of company stock valued at $2,047,609. Corporate insiders own 7.40% of the company’s stock.

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.