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Deutsche Bank Gives Yelp (NYSE:YELP) a Lower Rating. Drops its “Buy” Rating

Yelp Inc. (NYSE:YELP) Logo

Investors sentiment increased to 1.61 in 2018 Q2. Its up 0.70, from 0.91 in 2018Q1. It improved, as 24 investors sold Yelp Inc. 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.

Deutsche Bank & Trust Ag stated it has 978,365 shares. Fiera Cap reported 87,171 shares. Ubs Asset Mgmt Americas Incorporated has 0% invested in Yelp Inc. (NYSE:YELP). 15,000 were accumulated by Nj State Employees Deferred Compensation Plan. Los Angeles Cap And Equity holds 0.02% or 97,946 shares in its portfolio. Macquarie Gru Limited invested 0.07% of its portfolio in Yelp Inc. (NYSE:YELP). Royal Bank & Trust Of Canada reported 0% stake. Invesco Limited reported 0% in Yelp Inc. (NYSE:YELP). Walleye Trading Ltd Liability reported 56,649 shares. Hbk Investments Ltd Partnership reported 10,265 shares stake. Parallax Volatility Advisers Lp accumulated 14,602 shares. Piermont Management reported 0.14% in Yelp Inc. (NYSE:YELP). Moreover, Victory Cap Mngmt has 0.09% invested in Yelp Inc. (NYSE:YELP) for 1.13 million shares. Legal & General Gru Public Ltd Liability Company owns 28,350 shares or 0% of their US portfolio. Two Sigma Limited Liability Company invested in 8,843 shares or 0% of the stock.

Since May 15, 2018, it had 0 insider buys, and 30 selling transactions for $10.68 million activity. Shares for $93,624 were sold by Donaker Geoffrey L. $493,313 worth of Yelp Inc. (NYSE:YELP) was sold by Nachman Joseph R.

Yelp (NYSE:YELP) Receives a Downgrade

In an analyst report sent to investors on 9 November, Deutsche Bank announced that they will be downgrading shares of Yelp (NYSE:YELP) from a “Buy” to a “Hold” rating.

Yelp Inc. (NYSE:YELP) Ratings Coverage

Among 10 analysts covering Yelp (NYSE:YELP), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Yelp has $60 highest and $34 lowest target. $50.25’s average target is 57.38% above currents $31.93 stock price. Yelp had 11 analyst reports since May 11, 2018 according to SRatingsIntel. Robert W. Baird maintained Yelp Inc. (NYSE:YELP) on Thursday, August 9 with “Neutral” rating. The rating was downgraded by Aegis Capital to “Hold” on Friday, May 11. Jefferies maintained it with “Buy” rating and $55 target in Thursday, August 9 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 9. Aegis Capital downgraded Yelp Inc. (NYSE:YELP) on Wednesday, June 13 to “Sell” rating. FBR Capital upgraded Yelp Inc. (NYSE:YELP) on Friday, May 18 to “Buy” rating. The company was downgraded on Wednesday, June 6 by KeyBanc Capital Markets. The stock of Yelp Inc. (NYSE:YELP) earned “Buy” rating by Citigroup on Monday, June 4. Barclays Capital maintained the shares of YELP in report on Thursday, August 9 with “Equal-Weight” rating. The rating was maintained by Credit Suisse with “Outperform” on Friday, May 11.

The stock decreased 26.60% or $11.57 during the last trading session, reaching $31.93. About 25.36M shares traded or 1040.11% up from the average. Yelp Inc. (NYSE:YELP) has risen 4.26% since November 10, 2017 and is uptrending. It has underperformed by 11.36% the S&P500.

Yelp Inc. operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company has market cap of $2.67 billion. The Company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others. It has a 18.21 P/E ratio. The firm provides free and paid business listing services to businesses, as well as enables businesses to deliver targeted search advertising to large local audiences through its Website and mobile application.

More notable recent Yelp Inc. (NYSE:YELP) news were published by: Streetinsider.com which released: “After-Hours Movers 11/08: (HTZ) (SYNA) (FSCT) Higher; (YELP) (TTD) (ATVI) Lower (more…)” on November 08, 2018, also Streetinsider.com with their article: “RBC Slashes Yelp (YELP) PT To $38 After Net Adds Dry Up” published on November 09, 2018, Seekingalpha.com published: “JPMorgan bails on Yelp; shares down 31% premarket” on November 09, 2018. More interesting news about Yelp Inc. (NYSE:YELP) were released by: Streetinsider.com and their article: “Deutsche Bank Downgrades Yelp (YELP) to Hold” published on November 09, 2018 as well as Fool.com‘s news article titled: “Yelp Misses on Revenue. Wall Street Panics. Downgrades Ensue.” with publication date: November 09, 2018.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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