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 (696) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious YELP increase. With 696 contracts traded and 884 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: YELP170120C00037000 closed last at: $1.55 or 20.5% down. About 685,145 shares traded hands. Yelp Inc (NYSE:YELP) has risen 64.49% since March 29, 2016 and is uptrending. It has outperformed by 61.02% the S&P500.

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 -6.39% below today’s ($32.72) stock price. Yelp has been the topic of 71 analyst reports since July 28, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained the stock with “Neutral” rating in Thursday, October 29 report. On Wednesday, August 10 the stock rating was upgraded by Mizuho to “Buy”. Needham maintained the shares of YELP in a report on Tuesday, February 9 with “Buy” rating. The company was downgraded on Tuesday, July 28 by Deutsche Bank. On Wednesday, August 10 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of Yelp Inc (NYSE:YELP) has “Buy” rating given on Friday, September 25 by SunTrust. The stock has “Equal Weight” rating given by Morgan Stanley on Wednesday, July 29. The rating was maintained by Needham on Thursday, June 23 with “Buy”. The firm has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. On Friday, May 6 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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 improved, 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.
Northern Tru holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 330,974 shares. Morgan Stanley holds 0.01% of its portfolio in Yelp Inc (NYSE:YELP) for 1.25 million shares. Oppenheimer And holds 0.01% of its portfolio in Yelp Inc (NYSE:YELP) for 14,690 shares. Seven Eight Capital owns 2,331 shares or 0.02% of their US portfolio. Quantitative Systematic Strategies Limited Liability Corporation holds 0.38% of its portfolio in Yelp Inc (NYSE:YELP) for 27,722 shares. Moreover, Geode Cap Ltd Co has 0.01% invested in Yelp Inc (NYSE:YELP) for 357,998 shares. Proxima Cap Management has invested 1.11% of its portfolio in Yelp Inc (NYSE:YELP). Hap Trading Ltd Liability holds 10,840 shares or 0.02% of its portfolio. Pdt Prtnrs Ltd holds 283,300 shares or 0.68% of its portfolio. Timber Hill Ltd has 18,073 shares for 0% of their US portfolio. Ubs Asset Mgmt Americas has 52,760 shares for 0% of their US portfolio. Ruane Cunniff Goldfarb owns 7,535 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership has 0% invested in the company for 90,355 shares. Matarin Capital Mngmt Llc holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 16,424 shares. Citigroup Inc last reported 319,030 shares in the company.

Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 31 sales for $19.95 million net activity. 6,000 Yelp Inc (NYSE:YELP) shares with value of $154,920 were sold by Donaker Geoffrey L. Another trade for 20,288 shares valued at $872,181 was sold by Nachman Joseph R. Stoppelman Jeremy sold $539,741 worth of Yelp Inc (NYSE:YELP) on Thursday, September 29. $295,098 worth of Yelp Inc (NYSE:YELP) shares were sold by Stoppelman Michael. 22,500 Yelp Inc (NYSE:YELP) shares with value of $949,950 were 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 $2.50 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: This YELP Stock Chart Is a Must-See for Bulls & Bears Alike” on October 19, 2016. Schaeffersresearch.com‘s article titled: “Why Buy Yelp Inc (YELP) Ahead of Earnings?” and published on October 21, 2016 is yet another important article.

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