Vinva Investment Management Ltd Has $498,000 Stock Holdings in Yelp Inc. (NYSE:YELP)

Vinva Investment Management Ltd boosted its stake in Yelp Inc. (NYSE:YELP) by 9.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,210 shares of the local business review company’s stock after purchasing an additional 1,253 shares during the period. Vinva Investment Management Ltd’s holdings in Yelp were worth $498,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in YELP. FORA Capital LLC bought a new stake in Yelp in the 3rd quarter valued at about $732,000. Bridgewater Associates LP lifted its holdings in Yelp by 136.5% during the third quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock valued at $6,371,000 after purchasing an additional 104,839 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Yelp by 17.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,738 shares of the local business review company’s stock valued at $1,289,000 after buying an additional 5,482 shares in the last quarter. FMR LLC boosted its holdings in shares of Yelp by 13.7% in the third quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after acquiring an additional 78,585 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Yelp by 62.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the local business review company’s stock worth $256,000 after purchasing an additional 2,800 shares during the period. Institutional investors own 90.11% of the company’s stock.

Insider Buying and Selling

In related news, insider Carmen Amara sold 12,854 shares of the company’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 owns 88,813 shares in the company, valued at approximately $3,389,992.21. This represents a 12.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $8,694,083.16. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,598 shares of company stock worth $1,106,106 in the last three months. 7.40% of the stock is owned by corporate insiders.

Yelp Trading Up 0.4 %

Shares of Yelp stock opened at $38.22 on Friday. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $48.99. The firm has a market capitalization of $2.52 billion, a P/E ratio of 22.89, a P/E/G ratio of 0.69 and a beta of 1.33. The business has a fifty day simple moving average of $35.19 and a two-hundred day simple moving average of $35.46.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on YELP shares. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price objective on shares of 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 report on Monday, September 16th. They set an “underperform” rating and a $30.00 target price for the company. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Robert W. Baird cut their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.00.

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.