Notable Runner: Could Yelp Inc Decline After Today’s Huge Increase?

Notable Runner: Could Yelp Inc Decline After Today's Huge Increase?

The stock of Yelp Inc (NYSE:YELP) is a huge mover today! About 718,012 shares traded hands. Yelp Inc (NYSE:YELP) has risen 73.99% since April 13, 2016 and is uptrending. It has outperformed by 70.06% the S&P500.
The move comes after 7 months positive chart setup for the $2.85B company. It was reported on Nov, 15 by Barchart.com. We have $48.71 PT which if reached, will make NYSE:YELP worth $912.00M more.

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 72 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, August 10, the company rating was upgraded by Axiom Capital. The stock of Yelp Inc (NYSE:YELP) earned “Underperform” rating by Wells Fargo on Wednesday, July 13. SunTrust maintained it with “Buy” rating and $32 target price in Friday, September 25 report. The stock of Yelp Inc (NYSE:YELP) earned “Sell” rating by Roth Capital on Wednesday, October 28. Needham maintained Yelp Inc (NYSE:YELP) rating on Thursday, June 23. Needham has “Buy” rating and $34 price target. Northland Capital maintained Yelp Inc (NYSE:YELP) rating on Wednesday, July 29. Northland Capital has “Under Perform” rating and $21.50 price target. Maxim Group initiated the stock with “Buy” rating in Friday, June 3 report. The company was initiated on Wednesday, October 28 by TH Capital. The firm earned “Outperform” rating on Wednesday, August 10 by Raymond James. The firm earned “Market Perform” rating on Wednesday, July 29 by Cowen & Co.

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.
Goldman Sachs Gp Incorporated holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 376,621 shares. Nomura has invested 0% of its portfolio in Yelp Inc (NYSE:YELP). Tower Rech Capital Ltd Com (Trc) has invested 0% of its portfolio in Yelp Inc (NYSE:YELP). Ray Gerald L Associates has invested 0.06% of its portfolio in Yelp Inc (NYSE:YELP). The New York-based Lazard Asset Mgmt Limited has invested 0.01% in Yelp Inc (NYSE:YELP). The Florida-based Raymond James & Associate has invested 0% in Yelp Inc (NYSE:YELP). State Board Of Administration Of Florida Retirement last reported 97,265 shares in the company. Neuberger Berman Grp Incorporated Limited Liability Com owns 11,279 shares or 0% of their US portfolio. Marshall Wace Llp holds 0.4% of its portfolio in Yelp Inc (NYSE:YELP) for 1.58M shares. Rhumbline Advisers has 60,743 shares for 0.01% of their US portfolio. Fred Alger Mngmt holds 0% or 275 shares in its portfolio. Tcw Grp Inc, a California-based fund reported 32,300 shares. Hudson Bay Capital Management Lp, a New York-based fund reported 24,511 shares. Aqr Cap Management Ltd Liability Com, a Connecticut-based fund reported 298,689 shares. Columbus Circle accumulated 22,110 shares or 0.01% of the stock.

Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 32 insider sales for $20.12 million net activity. Shares for $131,775 were sold by Donaker Geoffrey L. The insider Nachman Joseph R sold 2,508 shares worth $93,928. Shares for $1.47M were sold by Wilson Laurence on Thursday, September 22. The insider Stoppelman Michael sold $187,900. Stoppelman Jeremy had sold 13,000 shares worth $539,741 on Thursday, September 29.

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. Profitconfidential.com‘s news article titled: “Yelp Inc: This YELP Stock Chart Is a Must-See for Bulls & Bears Alike” with publication date: October 19, 2016 was also an interesting one.

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.

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