Mengis Capital Management Inc. Sells 600 Shares of Yelp Inc. (NYSE:YELP)

Mengis Capital Management Inc. trimmed its position in Yelp Inc. (NYSE:YELPFree Report) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,280 shares of the local business review company’s stock after selling 600 shares during the quarter. Mengis Capital Management Inc.’s holdings in Yelp were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in YELP. Cim Investment Management Inc. boosted its holdings in shares of Yelp by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 9,679 shares of the local business review company’s stock valued at $297,000 after buying an additional 333 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Yelp by 96.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company’s stock valued at $31,000 after buying an additional 371 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Yelp by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 45,681 shares of the local business review company’s stock valued at $1,900,000 after buying an additional 415 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Yelp by 4.0% during the 2nd quarter. Captrust Financial Advisors now owns 11,171 shares of the local business review company’s stock valued at $407,000 after buying an additional 426 shares in the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Yelp by 83.6% during the 1st quarter. Dark Forest Capital Management LP now owns 1,166 shares of the local business review company’s stock valued at $36,000 after buying an additional 531 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Yelp Trading Up 0.5 %

NYSE:YELP traded up $0.22 during trading hours on Monday, reaching $45.71. The company had a trading volume of 1,342,066 shares, compared to its average volume of 595,378. Yelp Inc. has a 52 week low of $26.53 and a 52 week high of $48.99. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 36.22 and a beta of 1.53. The firm’s 50 day moving average price is $45.24 and its 200-day moving average price is $43.93.

Insiders Place Their Bets

In other news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.75, for a total transaction of $268,500.00. Following the completion of the sale, the chief operating officer now owns 248,976 shares of the company’s stock, valued at approximately $11,141,676. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.75, for a total transaction of $268,500.00. Following the completion of the sale, the chief operating officer now owns 248,976 shares of the company’s stock, valued at approximately $11,141,676. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Sam Eaton sold 25,402 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $45.75, for a total transaction of $1,162,141.50. Following the sale, the chief technology officer now directly owns 168,756 shares of the company’s stock, valued at approximately $7,720,587. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,852 shares of company stock valued at $2,726,652. Company insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

YELP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Yelp from an “underweight” rating to a “neutral” rating and set a $39.00 price target on the stock in a report on Friday, October 27th. Craig Hallum reduced their price target on shares of Yelp from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Yelp currently has a consensus rating of “Hold” and a consensus price target of $41.44.

View Our Latest Analysis on Yelp

Yelp Profile

(Free Report)

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business 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.

Further Reading

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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