FORA Capital LLC Makes New $732,000 Investment in Yelp Inc. (NYSE:YELP)

FORA Capital LLC acquired a new stake in Yelp Inc. (NYSE:YELP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,859 shares of the local business review company’s stock, valued at approximately $732,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in Yelp by 424.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,080 shares of the local business review company’s stock valued at $661,000 after acquiring an additional 13,822 shares in the last quarter. CWM LLC grew its position in Yelp by 24.7% in the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after purchasing an additional 377 shares in the last quarter. Blue Trust Inc. increased its stake in Yelp by 148.0% in the 2nd quarter. Blue Trust Inc. now owns 2,921 shares of the local business review company’s stock valued at $115,000 after buying an additional 1,743 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Yelp during the 2nd quarter worth approximately $266,000. Finally, Summit Global Investments boosted its stake in shares of Yelp by 26.6% in the 2nd quarter. Summit Global Investments now owns 17,074 shares of the local business review company’s stock worth $631,000 after buying an additional 3,583 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on YELP shares. Bank of America started coverage on Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target on the stock. Evercore ISI raised shares of Yelp to a “hold” rating in a report on Monday, November 11th. Robert W. Baird decreased their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Yelp presently has a consensus rating of “Hold” and an average price target of $37.00.

Yelp Price Performance

Shares of YELP stock opened at $38.08 on Friday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99. The company’s fifty day simple moving average is $35.04 and its two-hundred day simple moving average is $35.44. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 0.69 and a beta of 1.33.

Insider Buying and Selling

In other Yelp news, CTO Sam Eaton sold 10,744 shares of Yelp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,598 shares of company stock valued at $1,106,106. Corporate insiders own 7.40% of the company’s stock.

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.