Yelp Inc. $YELP Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Yelp Inc. (NYSE:YELP) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,856 shares of the local business review company’s stock after selling 65,417 shares during the quarter. Robeco Institutional Asset Management B.V. owned 1.33% of Yelp worth $13,373,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of Yelp in the 3rd quarter valued at $8,951,000. CX Institutional bought a new stake in shares of Yelp in the 3rd quarter worth about $4,028,000. QRG Capital Management Inc. increased its position in shares of Yelp by 17.9% during the 2nd quarter. QRG Capital Management Inc. now owns 14,898 shares of the local business review company’s stock worth $365,000 after purchasing an additional 2,264 shares in the last quarter. Nykredit A S acquired a new stake in shares of Yelp during the 2nd quarter worth about $128,000. Finally, Cygnus Capital Advisors LLC increased its position in shares of Yelp by 3,241.0% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 167,050 shares of the local business review company’s stock worth $4,096,000 after purchasing an additional 162,050 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Alexander Coleman Levy sold 3,829 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $23.40, for a total transaction of $89,598.60. Following the transaction, the chief technology officer owned 54,124 shares in the company, valued at $1,266,501.60. This represents a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 8,809 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $23.19, for a total transaction of $204,280.71. Following the sale, the chief financial officer directly owned 180,466 shares in the company, valued at approximately $4,185,006.54. This represents a 4.65% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders have sold 28,638 shares of company stock worth $614,249. 8.30% of the stock is owned by corporate insiders.

Yelp Price Performance

YELP traded down $0.73 during trading on Friday, hitting $19.97. The company’s stock had a trading volume of 977,006 shares, compared to its average volume of 1,273,848. The firm’s 50 day moving average price is $20.55 and its two-hundred day moving average price is $23.51. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. Yelp Inc. has a 12 month low of $17.26 and a 12 month high of $34.49. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.45.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 6th. The local business review company reported $0.57 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 company had revenue of $375.52 million for the quarter, compared to analysts’ expectations of $366.89 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts forecast that Yelp Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.