In today’s session Yelp Inc (YELP) registered an unusually high (1,232) 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 1,232 contracts traded and 40314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: YELP161118C00038000 closed last at: $1.2 or 41.2% up. About 120,757 shares traded hands. Yelp Inc (NYSE:YELP) has risen 96.56% since April 8, 2016 and is uptrending. It has outperformed by 90.91% 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 $30.73 average target is -18.49% below today’s ($37.7) stock price. Yelp has been the topic of 72 analyst reports since July 28, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained it with “Neutral” rating and $21 target price in Thursday, October 29 report. The stock of Yelp Inc (NYSE:YELP) has “Under Perform” rating given on Wednesday, July 29 by Northland Capital. The firm earned “Hold” rating on Tuesday, August 4 by Axiom Capital. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, August 10 report. The rating was downgraded by Morgan Stanley on Wednesday, July 29 to “Equal Weight”. The stock of Yelp Inc (NYSE:YELP) has “Market Perform” rating given on Wednesday, July 29 by JMP Securities. The rating was downgraded by B. Riley & Co on Thursday, January 14 to “Sell”. As per Wednesday, July 29, the company rating was downgraded by Topeka Capital Markets. The rating was initiated by Roth Capital with “Sell” on Wednesday, October 28. The stock of Yelp Inc (NYSE:YELP) earned “Neutral” rating by Guggenheim on Monday, December 21.
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 is positive, 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.
Teewinot Advisers Ltd Liability last reported 0.57% of its portfolio in the stock. Advisors Asset Mgmt has invested 0.01% of its portfolio in Yelp Inc (NYSE:YELP). Huntington National Bank accumulated 16 shares or 0% of the stock. Bnp Paribas Arbitrage Sa last reported 0.01% of its portfolio in the stock. Delta Lloyd Nv accumulated 53,902 shares or 0.05% of the stock. Bank Of America De has 294,039 shares for 0% of their US portfolio. Citadel Advsrs Ltd Liability holds 2.14M shares or 0.07% of its portfolio. The Connecticut-based Point72 Asset Mngmt L P has invested 0.03% in Yelp Inc (NYSE:YELP). Clearbridge Invests Ltd Liability accumulated 266 shares or 0% of the stock. 1832 Asset Ltd Partnership holds 50 shares or 0% of its portfolio. Columbus Circle has 0.01% invested in the company for 22,110 shares. Comml Bank Of Montreal Can holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 9,322 shares. The New Jersey-based Princeton Alpha L P has invested 0.05% in Yelp Inc (NYSE:YELP). Peak6 L P owns 116,457 shares or 0.03% of their US portfolio. Criterion Capital, a California-based fund reported 1.08 million shares.
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 31 insider sales for $19.93 million net activity. Shares for $169,920 were sold by Donaker Geoffrey L on Wednesday, June 29. Stoppelman Michael sold 5,000 shares worth $171,796. Shares for $62,204 were sold by Nachman Joseph R. Wilson Laurence also sold $949,950 worth of Yelp Inc (NYSE:YELP) on Wednesday, October 5. Stoppelman Jeremy sold $539,899 worth of stock.
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 $2.94 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 recent Yelp Inc (NYSE:YELP) news were published by: Fool.com which released: “Why Yelp, Inc. Stock Jumped Today” on November 02, 2016. Also Profitconfidential.com published the news titled: “Yelp Inc.: This Is Why YELP Stock is Going Crazy” on November 02, 2016. Businesswire.com‘s news article titled: “Yelp Announces Third Quarter 2016 Financial Results” with publication date: November 02, 2016 was also an interesting one.
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