Acorn Financial Advisory Services Inc. ADV Has $349,000 Stock Position in Yelp Inc. (NYSE:YELP)

Acorn Financial Advisory Services Inc. ADV cut its position in Yelp Inc. (NYSE:YELP) by 23.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,936 shares of the local business review company’s stock after selling 3,006 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in Yelp were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 481 shares during the period. Meeder Asset Management Inc. bought a new stake in Yelp in the second quarter valued at about $25,000. GAMMA Investing LLC raised its position in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after purchasing an additional 524 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Sam Eaton sold 10,776 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now owns 145,171 shares in the company, valued at $5,080,985. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the transaction, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now owns 145,171 shares of the company’s stock, valued at approximately $5,080,985. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

Yelp Stock Down 1.2 %

Yelp stock traded down $0.44 during midday trading on Friday, hitting $35.93. 1,826,211 shares of the stock were exchanged, compared to its average volume of 726,153. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The stock has a market capitalization of $2.40 billion, a PE ratio of 21.51, a P/E/G ratio of 0.84 and a beta of 1.33. The company has a fifty day simple moving average of $34.30 and a two-hundred day simple moving average of $35.77.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Yelp had a return on equity of 18.71% and a net margin of 10.01%. The business had revenue of $357.00 million for the quarter, compared to the consensus estimate of $352.98 million. During the same quarter last year, the business posted $0.21 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Yelp Inc. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on YELP shares. StockNews.com lowered Yelp from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Wolfe Research initiated coverage on shares of Yelp in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley boosted their price objective on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $38.00 in a research report on Monday, October 14th. Finally, Robert W. Baird reduced their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Yelp Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.