GAMMA Investing LLC Increases Stock Position in Yelp Inc. (NYSE:YELP)

GAMMA Investing LLC increased its position in Yelp Inc. (NYSE:YELP) by 75.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,717 shares of the local business review company’s stock after buying an additional 741 shares during the quarter. GAMMA Investing LLC’s holdings in Yelp were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Yelp in the 2nd quarter worth about $25,000. Exchange Traded Concepts LLC raised 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 valued at $40,000 after buying an additional 405 shares during the period. Signaturefd LLC lifted its position in 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 buying an additional 583 shares in the last quarter. Quarry LP grew its stake in Yelp by 153.4% during the second quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock worth $49,000 after buying an additional 801 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Yelp in the third quarter worth $54,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Transactions at Yelp

In other Yelp news, insider Carmen Amara sold 12,854 shares of Yelp 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 transaction, the insider now owns 88,813 shares of the company’s stock, valued at $3,389,992.21. The trade was a 12.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Sam Eaton sold 10,744 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the sale, the chief technology officer now owns 122,480 shares of the company’s stock, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,865 shares of company stock valued at $1,734,268. 7.40% of the stock is currently owned by corporate insiders.

Yelp Stock Down 1.4 %

YELP stock opened at $38.49 on Monday. The stock’s 50 day moving average is $38.08 and its two-hundred day moving average is $35.96. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $45.91. The company has a market capitalization of $2.53 billion, a PE ratio of 23.05, a P/E/G ratio of 0.71 and a beta of 1.34.

Analyst Upgrades and Downgrades

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