Charles Schwab Investment Management Inc. Boosts Position in Yelp Inc. (NYSE:YELP)

Charles Schwab Investment Management Inc. boosted its stake in Yelp Inc. (NYSE:YELP) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,174,607 shares of the local business review company’s stock after buying an additional 56,618 shares during the period. Charles Schwab Investment Management Inc. owned 1.76% of Yelp worth $41,205,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after buying an additional 481 shares during the period. Meeder Asset Management Inc. purchased a new position in Yelp during the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings 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 worth $40,000 after purchasing an additional 405 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Yelp Stock Up 0.9 %

YELP opened at $38.55 on Tuesday. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 0.68 and a beta of 1.35. The firm has a 50 day moving average price of $35.19 and a 200-day moving average price of $35.42. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99.

Insider Buying and Selling at Yelp

In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Carmen Amara sold 12,854 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 88,813 shares of the company’s stock, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,865 shares of company stock worth $1,537,218. Insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

YELP has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Bank of America initiated coverage on Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price on the stock. Evercore ISI raised Yelp to a “hold” rating in a research report on Monday, November 11th. Robert W. Baird cut their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.