Aggressive’ Bullish Options Activity Seen in Yelp Inc

 Aggressive' Bullish Options Activity Seen in Yelp Inc

In today’s session Yelp Inc (YELP) registered an unusually high (232) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious YELP increase. With 232 contracts traded and 4124 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: YELP161118C00041000 closed last at: $1.7 or 29.2% down. About 1.61M shares traded hands. Yelp Inc (NYSE:YELP) has risen 74.72% since March 14, 2016 and is uptrending. It has outperformed by 69.11% 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. Yelp has been the topic of 71 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Yelp Inc (NYSE:YELP) on Tuesday, February 9 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, February 9 by Needham. Topeka Capital Markets downgraded Yelp Inc (NYSE:YELP) on Wednesday, July 29 to “Hold” rating. RBC Capital Markets upgraded Yelp Inc (NYSE:YELP) on Friday, November 13 to “Outperform” rating. B. Riley & Co downgraded the stock to “Sell” rating in Thursday, January 14 report. The stock of Yelp Inc (NYSE:YELP) has “Neutral” rating given on Monday, August 10 by Susquehanna. The firm has “Hold” rating given on Tuesday, August 4 by Axiom Capital. As per Wednesday, August 10, the company rating was maintained by Citigroup. The rating was upgraded by Raymond James on Wednesday, August 10 to “Outperform”. The rating was maintained by Morgan Stanley on Tuesday, August 9 with “Equal-Weight”.

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 Q2 2016. 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.
Moreover, California State Teachers Retirement Sys has 0.01% invested in Yelp Inc (NYSE:YELP) for 144,994 shares. Us Bancorp De accumulated 121 shares or 0% of the stock. Peconic Prns Ltd Liability Corporation holds 288,544 shares or 1.09% of its portfolio. Columbus Circle Investors, a Connecticut-based fund reported 22,110 shares. Schwab Charles Investment Mgmt accumulated 111,168 shares or 0% of the stock. The Connecticut-based Wexford Cap Limited Partnership has invested 1.08% in Yelp Inc (NYSE:YELP). Driehaus Cap Mngmt Lc reported 19,120 shares or 0.02% of all its holdings. Moreover, Retirement System Of Alabama has 0.07% invested in Yelp Inc (NYSE:YELP) for 370,000 shares. Jackson Square Prtn Ltd Liability Corporation reported 2.21M shares or 0.28% of all its holdings. Tcw Incorporated, a California-based fund reported 32,300 shares. Swiss Fincl Bank holds 113,764 shares or 0.01% of its portfolio. Advisors Asset Management accumulated 0.01% or 24,722 shares. Creative Planning holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 8,029 shares. Point72 Asset Management Lp has 125,000 shares for 0.03% of their US portfolio. Sg Americas Securities Ltd Liability Co last reported 59,145 shares in the company.

Insider Transactions: Since April 20, 2016, the stock had 0 insider buys, and 30 insider sales for $19.75 million net activity. Donaker Geoffrey L sold 6,000 shares worth $173,940. $205,285 worth of Yelp Inc (NYSE:YELP) was sold by Nachman Joseph R on Monday, October 10. Stoppelman Michael also sold $187,900 worth of Yelp Inc (NYSE:YELP) on Tuesday, September 20. Another trade for 2,073 shares valued at $77,637 was made by Wilson Laurence on Tuesday, August 23. 13,000 shares were sold by Stoppelman Jeremy, worth $539,741.

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 $2.76 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 news for Yelp Inc (NYSE:YELP) were recently published by: Profitconfidential.com, which released: “Yelp Inc: 3 Priorities Could Make YELP Stock Soar” on September 20, 2016. Investorplace.com‘s article titled: “YELP Stock: Who Will Buy Yelp Inc?” and published on September 27, 2016 is yet another important article.

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