Adalta Capital Management LLC trimmed its stake in shares of Yelp Inc (NYSE:YELP) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,620 shares of the local business review company’s stock after selling 1,330 shares during the period. Adalta Capital Management LLC’s holdings in Yelp were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Yelp in the second quarter worth about $108,000. Russell Investments Group Ltd. lifted its stake in shares of Yelp by 98.8% in the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after buying an additional 2,033 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Yelp by 28,585.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after buying an additional 4,002 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Yelp in the third quarter worth about $204,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Yelp in the second quarter worth about $205,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yelp Inc (NYSE YELP) traded down $0.13 on Friday, hitting $42.17. 843,600 shares of the company’s stock were exchanged, compared to its average volume of 2,453,160. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The firm has a market capitalization of $3,506.21, a PE ratio of 192.27, a PEG ratio of 9.11 and a beta of 1.22.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The business had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $220.75 million. During the same period last year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. sell-side analysts anticipate that Yelp Inc will post 0.17 earnings per share for the current year.

Several equities analysts have recently weighed in on YELP shares. KeyCorp reissued a “buy” rating and issued a $54.00 price target on shares of Yelp in a research note on Wednesday, September 6th. Jefferies Group raised their price target on shares of Yelp from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. BidaskClub raised shares of Yelp from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Citigroup raised their price target on shares of Yelp from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Finally, DA Davidson assumed coverage on shares of Yelp in a research note on Friday, September 22nd. They issued a “buy” rating and a $51.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $43.41.

In related news, insider Alan Ramsay sold 592 shares of Yelp stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total value of $27,776.64. Following the completion of the transaction, the insider now owns 20,048 shares in the company, valued at $940,652.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laurence Wilson sold 30,000 shares of Yelp stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $46.18, for a total transaction of $1,385,400.00. Following the completion of the transaction, the insider now owns 187,739 shares of the company’s stock, valued at approximately $8,669,787.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 326,956 shares of company stock valued at $14,660,198. Company insiders own 10.10% of the company’s stock.

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Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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