Entropy Technologies LP Has $950,000 Position in Yelp Inc. (NYSE:YELP)

Entropy Technologies LP increased its stake in Yelp Inc. (NYSE:YELP) by 57.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,537 shares of the local business review company’s stock after purchasing an additional 8,966 shares during the period. Entropy Technologies LP’s holdings in Yelp were worth $950,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares during the period. Signaturefd LLC raised its holdings in Yelp by 98.5% during the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after purchasing an additional 583 shares during the last quarter. Fifth Third Bancorp lifted its position in Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in shares of Yelp in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Transactions at Yelp

In related news, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction 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 sale, the chief technology officer now directly owns 122,480 shares in the company, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the transaction, the insider now directly owns 182,558 shares of the company’s stock, valued at approximately $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,011 shares of company stock valued at $1,677,131 over the last 90 days. 7.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

YELP has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Robert W. Baird dropped their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Evercore ISI upgraded Yelp to a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Finally, StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.17.

Yelp Trading Up 0.2 %

YELP stock opened at $39.64 on Tuesday. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $45.91. The firm has a market cap of $2.61 billion, a PE ratio of 23.73, a P/E/G ratio of 0.55 and a beta of 1.33. The business’s 50-day moving average price is $39.42 and its two-hundred day moving average price is $36.45.

Yelp 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.