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

June 29, 2018 - By Charla Downs

Yelp Inc. (NYSE:YELP) Corporate Logo

During Q1 2018 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 dived. 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.
D E Shaw And Co reported 3.70 million shs or 0.21% of all its holdings. Stone Ridge Asset Mngmt Ltd Com holds 0.02% of its capital in Yelp Inc. (NYSE:YELP) for 6,414 shs. Goodnow Invest Ltd Com reported 53,520 shs. State Board Of Administration Of Florida Retirement System holds 47,702 shs. Comml Bank Of America Corp De reported 0% of its capital in Yelp Inc. (NYSE:YELP). Fine Cap Partners L P reported 1.06 million shs or 5.27% of all its holdings. Suntrust Banks owns 6,049 shs for 0% of their capital. Engineers Gate Manager Limited Partnership holds 0.03% or 9,478 shs. Amalgamated Fincl Bank stated it has 0.01% of its capital in Yelp Inc. (NYSE:YELP). Aperio Gru Ltd holds 0% or 11,052 shs in its capital. 23,830 were reported by Raymond James And. Teacher Retirement System Of Texas holds 0% or 17,425 shs. 241,480 were reported by Smith Thomas W. Numerixs Inv Technology invested in 0.06% or 5,777 shs. 622,545 were accumulated by Goldman Sachs Gru.

Yelp Inc. had 39 sales and 0 buys since January 2, 2018. This’s net activity of $14.67 million. $547,050 worth of Yelp Inc. (NYSE:YELP) shs were sold by Stoppelman Jeremy. Nachman Joseph R also sold $442,779 worth of Yelp Inc. (NYSE:YELP) on Wednesday, June 20.

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

The stock increased 0.33% or $0.13 during the last trading session, touching $39.25.Yelp Inc. has volume of 168,932 shares. Since June 29, 2017 YELP has risen 51.73% and is uptrending. 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.22.47 is the P/E ratio. 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

In total 14 analysts cover Yelp (NYSE:YELP). “Buy” rating has 6, “Sell” are 2, while 6 are “Hold”. (NYSE:YELP) has 43% bullish analysts. 18 are the (NYSE:YELP)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. In Thursday, February 8 report SunTrust maintained it with “Buy” rating and $50.0 target. In Thursday, February 8 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Thursday, February 8 Bank of America maintained Yelp Inc. (NYSE:YELP) rating. Bank of America has “Buy” rating and $52 target. On Friday, May 11 the stock has “Hold” rating by Aegis Capital. On Wednesday, February 7 the firm earned “Buy” rating by RBC Capital Markets. On Thursday, February 8 the firm has “Equal-Weight” rating by Barclays Capital given. On Wednesday, January 24 the stock has “Hold” rating by Cowen & Co. In Thursday, May 3 report Piper Jaffray maintained the stock with “Sell” rating. On Wednesday, June 6 KeyBanc Capital Markets downgraded the shares of YELP in report to “Sector Weight” rating. The stock rating was maintained by Credit Suisse with “Outperform” on Thursday, February 8.

For more Yelp Inc. (NYSE:YELP) news posted recently go to: Fool.com, Fool.com, Benzinga.com, Seekingalpha.com or 247Wallst.com. The titles are as follows: “Investors Should Give Yelp’s New Ad Model the Benefit of the Doubt” posted on June 20, 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, “Yelp Has Multiple Competitive Risks” and the last “Social Media Stocks See Short Sellers Up the Ante” with publication date: June 27, 2018.

Yelp Inc. (NYSE:YELP) Institutional Investors Chart

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