Yelp Inc. (NYSE:YELP) Stock Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in Yelp Inc. (NYSE:YELP) by 17.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,738 shares of the local business review company’s stock after acquiring an additional 5,482 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Yelp worth $1,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in shares of Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after purchasing an additional 481 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Yelp in the second quarter worth $25,000. GAMMA Investing LLC lifted its stake in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after buying an additional 524 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after acquiring an additional 405 shares during the period. Finally, Signaturefd LLC grew its position 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 worth $41,000 after acquiring an additional 583 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the sale, the insider now directly owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This trade represents a 12.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the sale, the insider now directly owns 184,558 shares in the company, valued at $7,022,431.90. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,865 shares of company stock worth $1,537,218. Corporate insiders own 7.40% of the company’s stock.

Yelp Stock Up 1.8 %

Shares of YELP stock opened at $39.50 on Tuesday. The stock has a 50-day simple moving average of $35.70 and a 200 day simple moving average of $35.49. The stock has a market capitalization of $2.60 billion, a P/E ratio of 23.65, a P/E/G ratio of 0.69 and a beta of 1.35. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $48.99.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price 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. JPMorgan Chase & Co. decreased their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Bank of America assumed coverage on Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.00.

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.