Capital Fund Management S.A. Has $578,000 Holdings in Yelp Inc (YELP)
Capital Fund Management S.A. reduced its stake in shares of Yelp Inc (NYSE:YELP) by 88.3% in the fourth quarter, Holdings Channel reports. The fund owned 13,770 shares of the local business review company’s stock after selling 104,169 shares during the quarter. Capital Fund Management S.A.’s holdings in Yelp were worth $578,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Yelp by 6.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 62,615 shares of the local business review company’s stock worth $2,627,000 after acquiring an additional 3,784 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Yelp by 202.4% during the 4th quarter. Wells Fargo & Company MN now owns 362,804 shares of the local business review company’s stock worth $15,224,000 after acquiring an additional 242,842 shares during the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in shares of Yelp during the 4th quarter worth $293,000. Swiss National Bank lifted its holdings in shares of Yelp by 3.4% during the 4th quarter. Swiss National Bank now owns 132,364 shares of the local business review company’s stock worth $5,554,000 after acquiring an additional 4,300 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Yelp by 3.9% during the 4th quarter. California Public Employees Retirement System now owns 119,700 shares of the local business review company’s stock worth $5,023,000 after acquiring an additional 4,500 shares during the last quarter. 90.37% of the stock is owned by institutional investors.
In other Yelp news, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $47.39, for a total value of $284,340.00. Following the transaction, the director now owns 9,590 shares in the company, valued at $454,470.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph R. Nachman sold 14,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $41.84, for a total transaction of $606,680.00. Following the completion of the transaction, the chief operating officer now owns 127,855 shares in the company, valued at approximately $5,349,453.20. The disclosure for this sale can be found here. Insiders sold 261,500 shares of company stock worth $11,273,150 in the last 90 days. Corporate insiders own 10.10% of the company’s stock.
Yelp Inc (NYSE YELP) opened at $43.61 on Friday. Yelp Inc has a 52-week low of $26.93 and a 52-week high of $48.40. The stock has a market cap of $3,610.00, a PE ratio of 25.35, a price-to-earnings-growth ratio of 6.68 and a beta of 1.14.
Yelp Company Profile
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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