Noteworthy Ownership Action: Yelp Inc (NYSE:YELP) Sentiment Change Report

December 1, 2016 - By Linda Rogers   ·   0 Comments

Noteworthy Ownership Action: Yelp Inc (NYSE:YELP) Sentiment Change Report

Sentiment for Yelp Inc (NYSE:YELP)

Yelp Inc (NYSE:YELP) institutional sentiment decreased to 1.16 in Q2 2016. Its down -0.02, from 1.18 in 2016Q1. The ratio is negative, as 100 funds increased and started new holdings, while 85 reduced and sold positions in Yelp Inc. The funds in our partner’s database now possess: 52.13 million shares, down from 54.71 million shares in 2016Q1. Also, the number of funds holding Yelp Inc in their top 10 holdings increased from 4 to 5 for an increase of 1. Sold All: 35 Reduced: 50 Increased: 56 New Position: 44.

Yelp Inc. connects people with local businesses by bringing word of mouth online and providing a platform for businesses and clients to engage and transact. The company has a market cap of $2.75 billion. The Firm provides local business review sites. It currently has negative earnings. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.

About 843,007 shares traded hands. Yelp Inc (NYSE:YELP) has risen 77.06% since April 28, 2016 and is uptrending. It has outperformed by 71.13% the S&P500.

Analysts await Yelp Inc (NYSE:YELP) to report earnings on February, 13. They expect $0.03 EPS, up 110.34% or $0.32 from last year’s $-0.29 per share. YELP’s profit will be $2.29 million for 300.50 P/E if the $0.03 EPS becomes a reality. After $0.03 actual EPS reported by Yelp Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California.”

Stonerise Capital Management Llc holds 15.47% of its portfolio in Yelp Inc for 891,800 shares. Tybourne Capital Management Hk Ltd owns 6.15 million shares or 9.69% of their US portfolio. Moreover, Prescott General Partners Llc has 6.29% invested in the company for 3.18 million shares. The California-based Dorsal Capital Management Llc has invested 3.02% in the stock. Westend Capital Management Llc, a California-based fund reported 60,140 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 33 insider sales for $20.57 million net activity.

Yelp Inc (NYSE:YELP) Ratings Coverage

Ratings analysis reveals 41% of Yelp’s analysts are positive. Out of 37 Wall Street analysts rating Yelp, 15 give it “Buy”, 5 “Sell” rating, while 17 recommend “Hold”. The lowest target is $17 while the high is $50. The stock’s average target of $30.73 is -14.78% below today’s ($36.06) share price. YELP was included in 72 notes of analysts from July 28, 2015. TH Capital initiated the shares of YELP in a report on Wednesday, October 28 with “Sell” rating. The company was upgraded on Tuesday, February 9 by B. Riley & Co. Susquehanna initiated Yelp Inc (NYSE:YELP) on Monday, August 10 with “Neutral” rating. The rating was initiated by Guggenheim on Monday, December 21 with “Neutral”. Mizuho maintained Yelp Inc (NYSE:YELP) on Wednesday, September 14 with “Buy” rating. Cantor Fitzgerald maintained Yelp Inc (NYSE:YELP) on Wednesday, August 10 with “Buy” rating. JMP Securities downgraded the shares of YELP in a report on Wednesday, July 29 to “Market Perform” rating. On Wednesday, July 29 the stock rating was maintained by Needham with “Buy”. The firm earned “Market Perform” rating on Wednesday, July 29 by Raymond James. As per Wednesday, August 10, the company rating was upgraded by Axiom Capital.

YELP Company Profile

Yelp Inc. (Yelp), incorporated on September 03, 2004, connects people with local businesses by bringing word of mouth online and providing a platform for businesses and clients to engage and transact. The Firm provides local business review sites. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature. The Company’s platform also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Firm has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos.

More recent Yelp Inc (NYSE:YELP) news were published by: Profitconfidential.com which released: “Yelp Inc: These Charts Explain Why YELP Stock Is Bullish” on November 27, 2016. Also Fool.com published the news titled: “Why Yelp, Inc. Stock Jumped Today” on November 02, 2016. Profitconfidential.com‘s news article titled: “Yelp Inc.: This Is Why YELP Stock is Going Crazy” with publication date: November 02, 2016 was also an interesting one.

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By Linda Rogers

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