Yelp Inc (NYSE:YELP) Sellers Declined By 6.88% Their Shorts As Of Jun 29, 2018

June 29, 2018 - By Gregory Tomko

Yelp Inc. (NYSE:YELP) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.91. That’s change of 0.42, from 2017Q4’s 1.33. 38 investors sold all, 60 reduced holdings as Yelp Inc. ratio worsened. 54 rose stakes while 35 funds bought stakes. Funds hold 62.32 million shares thus 2.88% more from 2017Q4’s 60.57 million shares.
Fred Alger Mngmt, New York-based fund reported 75,914 shs. Pathstone Family Office Llc holds 0.01% of its capital in Yelp Inc. (NYSE:YELP) for 500 shs. Hap Trading Limited Liability Company holds 128,335 shs. Quantitative Ltd Limited Liability Company stated it has 108,200 shs or 0.08% of all its holdings. Suntrust Banks Inc holds 6,049 shs or 0% of its capital. Point72 Asia (Hong Kong) owns 158 shs. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Yelp Inc. (NYSE:YELP). Moreover, Wells Fargo Company Mn has 0% invested in Yelp Inc. (NYSE:YELP). Art Advsr Limited Liability Corp reported 43,802 shs. Legal & General Plc holds 32,744 shs or 0% of its capital. New York State Common Retirement Fund, a New York-based fund reported 86,100 shs. Calamos Ltd Liability has invested 0.01% in Yelp Inc. (NYSE:YELP). Moreover, Fine Prtnrs L P has 5.27% invested in Yelp Inc. (NYSE:YELP) for 1.06M shs. Tcw Grp holds 0.14% in Yelp Inc. (NYSE:YELP) or 407,553 shs. Washington-based S R Schill Associates has invested 0.21% in Yelp Inc. (NYSE:YELP).

Yelp Inc. had 39 selling transactions and 0 buys since January 2, 2018. This’s net activity of $14.67 million. 6,000 shs were sold by Donaker Geoffrey L, worth $267,745 on Tuesday, April 17. $493,313 worth of Yelp Inc. (NYSE:YELP) was sold by Nachman Joseph R.

Change of 6.88% for Yelp Inc (NYSE:YELP)’s shorted shares was recorded. It was issued in June by FINRA the 6.53 million shorted shares on YELP. The 7.01 million previous shares are down with 6.88%. 8 days will cost YELP with 782,500 average volume to restore its previous position. Yelp Inc float short is 8.6%.

YELP is hitting $39.25 during the last trading session, after increased 0.33%.Currently Yelp Inc. is uptrending after 51.73% change in last June 29, 2017. YELP has 168,932 shares volume. The stock outperformed the S&P 500 by 39.16%.

Yelp Inc. operates a platform that connects people with local businesses in the United States, Canada, and internationally.The firm is worth $3.28 billion. The Company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.The P/E ratio is 22.47. The firm provides free and paid business listing services to businesses, as well as enables businesses to deliver targeted search advertising to large local audiences through its Website and mobile application.

Yelp Inc. (NYSE:YELP) Ratings Coverage

A total of 14 analysts rate Yelp (NYSE:YELP) as follows: 6 “Buy”, 6 “Hold” and 2 “Sell”. Тherefore 43% are bullish. (NYSE:YELP) has 18 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Thursday, February 8 the firm earned “Hold” rating by Stifel Nicolaus. On Wednesday, February 7 RBC Capital Markets maintained Yelp Inc. (NYSE:YELP) rating. RBC Capital Markets has “Buy” rating and $52.0 target. On Thursday, February 8 SunTrust maintained the shares of YELP in report with “Buy” rating. The stock rating was maintained by Cowen & Co with “Hold” on Wednesday, January 24. The stock rating was maintained by Bank of America with “Buy” on Thursday, February 8. On Wednesday, June 13 the stock of Yelp Inc. (NYSE:YELP) earned “Sell” rating by Aegis Capital. On Thursday, May 3 the stock of Yelp Inc. (NYSE:YELP) has “Sell” rating given by Piper Jaffray. On Thursday, February 8 the company was maintained by Barclays Capital. On Wednesday, January 24 Bank of America maintained Yelp Inc. (NYSE:YELP) rating. Bank of America has “Buy” rating and $55 target. On Friday, May 18 FBR Capital upgraded Yelp Inc. (NYSE:YELP) rating. FBR Capital has “Buy” rating and $5800 target.

For more Yelp Inc. (NYSE:YELP) news posted recently go to: 247Wallst.com, Fool.com, Benzinga.com, Fool.com or Seekingalpha.com. The titles are as follows: “Social Media Stocks See Short Sellers Up the Ante” posted on June 27, 2018, “This High-Tech Industry Is Driving Yelp’s Growth” on June 26, 2018, “Yelp’s ‘Weakening’ Engagement Prompts KeyBanc Downgrade” with a publish date: June 06, 2018, “Investors Should Give Yelp’s New Ad Model the Benefit of the Doubt” and the last “Yelp Has Multiple Competitive Risks” with publication date: June 20, 2018.

Yelp Inc. (NYSE:YELP) Institutional Investors Chart

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