Robeco Institutional Asset Management B.V. Sells 65,417 Shares of Yelp Inc. $YELP

Robeco Institutional Asset Management B.V. trimmed its position in Yelp Inc. (NYSE:YELP) by 8.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 722,856 shares of the local business review company’s stock after selling 65,417 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Yelp were worth $13,373,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in YELP. Rockefeller Capital Management L.P. lifted its stake in shares of Yelp by 71.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company’s stock valued at $35,000 after acquiring an additional 482 shares during the period. Public Employees Retirement System of Ohio bought a new position in Yelp in the second quarter valued at about $61,000. Essential Partners LLC increased its position in Yelp by 225.9% in the first quarter. Essential Partners LLC now owns 2,796 shares of the local business review company’s stock worth $69,000 after purchasing an additional 1,938 shares during the period. Parallel Advisors LLC increased its position in Yelp by 428.4% in the first quarter. Parallel Advisors LLC now owns 3,720 shares of the local business review company’s stock worth $92,000 after purchasing an additional 3,016 shares during the period. Finally, Nykredit A S acquired a new stake in Yelp in the second quarter worth about $128,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yelp

In other Yelp news, CTO Alexander Coleman Levy sold 3,829 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $23.40, for a total value of $89,598.60. Following the transaction, the chief technology officer owned 54,124 shares of the company’s stock, valued at approximately $1,266,501.60. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO David Schwarzbach sold 7,500 shares of the stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the completion of the transaction, the chief financial officer directly owned 165,466 shares in the company, valued at $3,309,320. The trade was a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,638 shares of company stock valued at $614,249 in the last quarter. 8.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on YELP. JPMorgan Chase & Co. started coverage on shares of Yelp in a research note on Friday, September 11th. They issued an “underweight” rating and a $19.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yelp in a research report on Friday, August 7th. Finally, Morgan Stanley dropped their price target on shares of Yelp from $24.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $25.57.

Yelp Trading Down 3.5%

Shares of YELP stock traded down $0.73 during trading hours on Friday, reaching $19.97. The company had a trading volume of 977,006 shares, compared to its average volume of 1,273,848. The company has a 50 day moving average of $20.55 and a 200 day moving average of $23.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 1.86 and a beta of 0.45. Yelp Inc. has a 1-year low of $17.26 and a 1-year high of $34.49.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, August 6th. The local business review company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%. The business had revenue of $375.52 million for the quarter, compared to analyst estimates of $366.89 million. During the same period last year, the company earned $0.67 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Yelp Inc. will post 1.86 EPS for the current year.

Yelp Profile

Yelp Inc operates an online platform that helps consumers discover and evaluate local businesses. Through its website and mobile applications, Yelp provides business listings, user-generated reviews, ratings, photos and other information across categories such as restaurants, home services, beauty and fitness, automotive, health and professional services.

The company generates revenue primarily by providing businesses with advertising and marketing solutions designed to increase their visibility and connect them with potential customers.