Landscape Capital Management L.L.C. Invests $336,000 in Yelp Inc. (NYSE:YELP)

Landscape Capital Management L.L.C. acquired a new stake in Yelp Inc. (NYSE:YELP) in the third quarter, HoldingsChannel reports. The firm acquired 9,580 shares of the local business review company’s stock, valued at approximately $336,000.

Several other hedge funds have also added to or reduced their stakes in YELP. Intech Investment Management LLC bought a new position in Yelp during the 3rd quarter worth $745,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Yelp in the third quarter valued at about $267,000. Quest Partners LLC lifted its stake in shares of Yelp by 209.6% in the third quarter. Quest Partners LLC now owns 83,883 shares of the local business review company’s stock worth $2,943,000 after acquiring an additional 56,789 shares during the period. Ceera Investments LLC boosted its holdings in Yelp by 10.0% in the third quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock valued at $6,701,000 after acquiring an additional 17,420 shares during the last quarter. Finally, Royce & Associates LP increased its position in Yelp by 22.6% during the 3rd quarter. Royce & Associates LP now owns 47,415 shares of the local business review company’s stock valued at $1,663,000 after purchasing an additional 8,727 shares during the period. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Yelp

In other Yelp news, insider Carmen Amara sold 12,854 shares of Yelp stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares in the company, valued at approximately $3,389,992.21. The trade was a 12.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the sale, the chief operating officer now directly owns 255,558 shares of the company’s stock, valued at approximately $8,694,083.16. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,598 shares of company stock valued at $1,106,106 over the last ninety days. 7.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on YELP shares. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and cut their price target for the company from $46.00 to $38.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Robert W. Baird lowered their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.00.

Yelp Stock Performance

YELP stock opened at $36.13 on Monday. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $48.99. The stock’s 50 day simple moving average is $34.81 and its 200 day simple moving average is $35.43. The company has a market cap of $2.38 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.66 and a beta of 1.33.

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.