Yelp INC (YELP) Holder Hap Trading LLC Has Trimmed Stake as Market Value Rose

October 13, 2018 - By Darrin Black

Yelp Inc. (NYSE:YELP) LogoInvestors sentiment increased to 1.61 in Q2 2018. Its up 0.70, from 0.91 in 2018Q1. It is positive, as 24 investors sold YELP shares while 43 reduced holdings. 39 funds opened positions while 69 raised stakes. 66.69 million shares or 7.02% more from 62.32 million shares in 2018Q1 were reported. Trexquant Investment Lp reported 39,659 shares or 0.11% of all its holdings. Aqr Cap Mgmt Lc owns 248,067 shares for 0.01% of their portfolio. Pathstone Family Office Limited reported 500 shares stake. Voya Inv Management Limited Liability Corporation invested in 32,717 shares or 0% of the stock. American Group has 0.01% invested in Yelp Inc. (NYSE:YELP) for 52,855 shares. Amer Century Cos holds 12,552 shares. Legal General Grp Public Ltd Company has 0% invested in Yelp Inc. (NYSE:YELP) for 28,350 shares. Hap Trading Ltd Liability Corp reported 108,803 shares. Macquarie Ltd holds 0.07% or 1.11M shares. Piedmont Investment Ltd Com owns 1,409 shares for 0% of their portfolio. Eminence Cap Ltd Partnership reported 1.42% of its portfolio in Yelp Inc. (NYSE:YELP). Gsa Prtn Ltd Liability Partnership reported 54,258 shares. Pnc Fin Gp reported 0% of its portfolio in Yelp Inc. (NYSE:YELP). Oppenheimer And Communications stated it has 6,864 shares or 0.01% of all its holdings. Us Bancshares De invested in 100 shares or 0% of the stock.

Since April 17, 2018, it had 0 buys, and 35 insider sales for $12.41 million activity. On Wednesday, June 20 the insider Stoppelman Jeremy sold $548,010. Nachman Joseph R had sold 10,500 shares worth $442,779.

Hap Trading Llc decreased its stake in Yelp Inc (YELP) by 46.69% based on its latest 2018Q2 regulatory filing with the SEC. Hap Trading Llc sold 95,297 shares as the company’s stock rose 11.38% with the market. The institutional investor held 108,803 shares of the other consumer services company at the end of 2018Q2, valued at $4.26M, down from 204,100 at the end of the previous reported quarter. Hap Trading Llc who had been investing in Yelp Inc for a number of months, seems to be less bullish one the $3.58 billion market cap company. The stock increased 2.47% or $1.03 during the last trading session, reaching $42.78. About 2.55 million shares traded or 7.00% up from the average. Yelp Inc. (NYSE:YELP) has risen 4.26% since October 13, 2017 and is uptrending. It has underperformed by 11.36% the S&P500.

Hap Trading Llc, which manages about $2.00 billion US Long portfolio, upped its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 94,862 shares to 151,962 shares, valued at $6.23M in 2018Q2, according to the filing. It also increased its holding in Tripadvisor Inc (NASDAQ:TRIP) by 78,257 shares in the quarter, for a total of 141,650 shares, and has risen its stake in Constellation Brands Inc (NYSE:STZ).

Analysts await Yelp Inc. (NYSE:YELP) to report earnings on November, 7. They expect $0.06 earnings per share, down 33.33 % or $0.03 from last year’s $0.09 per share. YELP’s profit will be $5.02 million for 178.25 P/E if the $0.06 EPS becomes a reality. After $0.12 actual earnings per share reported by Yelp Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

More recent Yelp Inc. (NYSE:YELP) news were published by: Bizjournals.com which released: “Yelp’s 50 best places to eat in Milwaukee: Slideshow” on October 09, 2018. Also Seekingalpha.com published the news titled: “Yelp: A Recipe For Success” on October 09, 2018. Bizjournals.com‘s news article titled: “Denver’s top 25 spots for breakfast burritos, according to Yelp (Photos)” with publication date: October 09, 2018 was also an interesting one.

Yelp Inc. (NYSE:YELP) Ratings Coverage

Among 11 analysts covering Yelp Inc (NYSE:YELP), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. Yelp Inc had 12 analyst reports since May 3, 2018 according to SRatingsIntel. Robert W. Baird maintained Yelp Inc. (NYSE:YELP) rating on Thursday, August 9. Robert W. Baird has “Neutral” rating and $45 target. Barclays Capital maintained Yelp Inc. (NYSE:YELP) on Thursday, August 9 with “Equal-Weight” rating. The stock of Yelp Inc. (NYSE:YELP) has “Sector Weight” rating given on Wednesday, June 6 by KeyBanc Capital Markets. As per Monday, June 4, the company rating was maintained by Citigroup. The rating was downgraded by Aegis Capital on Wednesday, June 13 to “Sell”. The company was maintained on Thursday, August 9 by Stifel Nicolaus. The stock of Yelp Inc. (NYSE:YELP) earned “Buy” rating by FBR Capital on Friday, May 18. Piper Jaffray maintained it with “Sell” rating and $36.5000 target in Thursday, May 3 report. The stock of Yelp Inc. (NYSE:YELP) has “Hold” rating given on Friday, May 11 by Aegis Capital. The stock of Yelp Inc. (NYSE:YELP) earned “Buy” rating by Jefferies on Thursday, August 9.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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