Centiva Capital LP Boosts Stake in Yelp Inc. (NYSE:YELP)

Centiva Capital LP grew its stake in shares of Yelp Inc. (NYSE:YELP) by 40.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,729 shares of the local business review company’s stock after buying an additional 5,401 shares during the period. Centiva Capital LP’s holdings in Yelp were worth $657,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in shares of Yelp by 262.8% in the second 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 period. Meeder Asset Management Inc. bought a new position in Yelp in the 2nd quarter worth $25,000. GAMMA Investing LLC increased its stake in Yelp by 115.9% in the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after buying an additional 524 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in 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 lifted its position in shares of Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

YELP has been the subject of several research analyst reports. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued 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.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.29, for a total transaction of $382,900.00. Following the completion of the transaction, the chief financial officer now directly owns 211,988 shares of the company’s stock, valued at $8,117,020.52. The trade was a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00. Following the completion of the sale, the insider now directly owns 184,558 shares in the company, valued at approximately $7,022,431.90. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,865 shares of company stock worth $1,537,218 over the last ninety days. Company insiders own 7.40% of the company’s stock.

Yelp Stock Up 1.5 %

YELP stock opened at $38.82 on Friday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The company has a fifty day simple moving average of $35.61 and a two-hundred day simple moving average of $35.48. The firm has a market capitalization of $2.56 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.35.

Yelp Company 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.