Could Yelp Inc Rise Even More? The Stock Had Bullish Options Activity

 Could Yelp Inc Rise Even More? The Stock Had Bullish Options Activity

In today’s session Yelp Inc (YELP) registered an unusually high (152) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious YELP increase. With 152 contracts traded and 4394 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: YELP161021C00042000 closed last at: $0.8 or 6.7% up. About 170,936 shares traded hands. Yelp Inc (NYSE:YELP) has risen 92.82% since March 9, 2016 and is uptrending. It has outperformed by 85.41% the S&P500.

Analysts await Yelp Inc (NYSE:YELP) to report earnings on October, 26. They expect $-0.03 earnings per share, up 70.00% or $0.07 from last year’s $-0.1 per share. After $0.02 actual earnings per share reported by Yelp Inc for the previous quarter, Wall Street now forecasts -250.00% negative EPS growth.

Yelp Inc (NYSE:YELP) Ratings Coverage

Out of 37 analysts covering Yelp (NYSE:YELP), 15 rate it a “Buy”, 5 “Sell”, while 17 “Hold”. This means 41% are positive. $50 is the highest target while $17 is the lowest. The $30.63 average target is -22.02% below today’s ($39.28) stock price. Yelp has been the topic of 71 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, August 10 by Raymond James. The firm has “Outperform” rating given on Friday, May 6 by RBC Capital Markets. The rating was maintained by B. Riley & Co with “Neutral” on Thursday, October 29. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, August 10. The company was upgraded on Tuesday, February 9 by B. Riley & Co. On Thursday, January 14 the stock rating was downgraded by B. Riley & Co to “Sell”. The rating was upgraded by Mizuho on Wednesday, August 10 to “Buy”. The stock of Yelp Inc (NYSE:YELP) has “Outperform” rating given on Tuesday, February 9 by RBC Capital Markets. SunTrust maintained it with “Buy” rating and $32 target price in Friday, September 25 report. Bank of America upgraded the stock to “Neutral” rating in Wednesday, August 10 report.

According to Zacks Investment Research, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California.”

Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.40, from 0.78 in 2016Q1. The ratio increased, as 35 funds sold all Yelp Inc shares owned while 50 reduced positions. 44 funds bought stakes while 56 increased positions. They now own 52.13 million shares or 4.72% less from 54.71 million shares in 2016Q1.
The Maryland-based Howard Hughes Medical Institute has invested 0.2% in Yelp Inc (NYSE:YELP). Teewinot Advisers Limited Co has 23,100 shares for 0.57% of their US portfolio. Jpmorgan Chase, a New York-based fund reported 890 shares. Moreover, Daiwa Securities Group Inc has 0.01% invested in Yelp Inc (NYSE:YELP) for 72,537 shares. Tudor Invest Et Al reported 17,906 shares or 0.01% of all its holdings. Northern last reported 0% of its portfolio in the stock. Department Mb Savings Bank N A holds 51 shares or 0% of its portfolio. Ibm Retirement Fund has 0.01% invested in the company for 6,878 shares. The Illinois-based Balyasny Asset Mgmt Llc has invested 0.08% in Yelp Inc (NYSE:YELP). Ubs Asset Management Americas has invested 0% of its portfolio in Yelp Inc (NYSE:YELP). Rbf Cap Ltd Liability Corporation holds 0.19% or 31,000 shares in its portfolio. Schwab Charles Invest last reported 0% of its portfolio in the stock. Visium Asset Mngmt Ltd Partnership holds 0.29% of its portfolio in Yelp Inc (NYSE:YELP) for 138,630 shares. Bnp Paribas Arbitrage Sa reported 79,975 shares or 0.01% of all its holdings. Retail Bank Of Montreal Can holds 9,322 shares or 0% of its portfolio.

Insider Transactions: Since April 13, 2016, the stock had 0 buys, and 29 selling transactions for $19.43 million net activity. On Wednesday, May 18 the insider Donaker Geoffrey L sold $150,660. Stoppelman Jeremy sold $539,899 worth of stock. 5,000 shares were sold by Stoppelman Michael, worth $187,900 on Tuesday, September 20. Another trade for 2,504 shares valued at $62,204 was made by Nachman Joseph R on Monday, May 23. Another trade for 2,081 shares valued at $51,696 was sold by Wilson Laurence.

Yelp Inc. connects people with local businesses by bringing word of mouth online and providing a platform for businesses and clients to engage and transact. The company has a market cap of $2.92 billion. The Firm provides local business review sites. It currently has negative earnings. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.

YELP Company Profile

Yelp Inc. (Yelp), incorporated on September 03, 2004, connects people with local businesses by bringing word of mouth online and providing a platform for businesses and clients to engage and transact. The Firm provides local business review sites. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature. The Company’s platform also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Firm has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos.

More notable recent Yelp Inc (NYSE:YELP) news were published by: Profitconfidential.com which released: “Yelp Inc: 3 Priorities Could Make YELP Stock Soar” on September 20, 2016, also Profitconfidential.com with their article: “Yelp Inc: YELP Stock is Standing Tall Despite the Turmoil” published on September 15, 2016, Investorplace.com published: “YELP Stock: Who Will Buy Yelp Inc?” on September 27, 2016. More interesting news about Yelp Inc (NYSE:YELP) were released by: Schaeffersresearch.com and their article: “Yelp Inc (YELP) Options Volume Pops on Fresh High” published on September 23, 2016 as well as Schaeffersresearch.com‘s news article titled: “Making a Bullish Case for Yelp Inc (YELP)” with publication date: September 16, 2016.

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