Criterion Capital Management LLC Cut Its Yelp INC (YELP) Position by $8.63 Million as Stock Declined

Yelp Inc. (NYSE:YELP) LogoInvestors sentiment decreased to 1.44 in 2018 Q3. Its down 0.17, from 1.61 in 2018Q2. It fall, as 28 investors sold YELP shares while 52 reduced holdings. 49 funds opened positions while 66 raised stakes. 65.88 million shares or 1.22% less from 66.69 million shares in 2018Q2 were reported. Prudential Fincl has 412,320 shares for 0.03% of their portfolio. Federated Invsts Pa holds 0.01% or 115,293 shares in its portfolio. Teacher Retirement System Of Texas has invested 0% of its portfolio in Yelp Inc. (NYSE:YELP). First Quadrant Limited Partnership Ca invested in 0% or 1,728 shares. Cambiar Investors Llc reported 110,811 shares. Tb Alternative Assets reported 0.65% in Yelp Inc. (NYSE:YELP). 164,694 are held by Tiaa Cref Management Ltd. Prescott General Ptnrs Ltd Liability Corp holds 5.50M shares. Exane Derivatives has invested 0% in Yelp Inc. (NYSE:YELP). Public Employees Retirement Association Of Colorado reported 0% of its portfolio in Yelp Inc. (NYSE:YELP). First Manhattan reported 0.29% of its portfolio in Yelp Inc. (NYSE:YELP). Manufacturers Life The holds 0% of its portfolio in Yelp Inc. (NYSE:YELP) for 52,356 shares. Quantitative Systematic Strategies Limited Liability Company owns 0.13% invested in Yelp Inc. (NYSE:YELP) for 13,870 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% of its portfolio in Yelp Inc. (NYSE:YELP) for 10,200 shares. Regions Corporation has invested 0% in Yelp Inc. (NYSE:YELP).

Since July 17, 2018, it had 0 insider buys, and 45 insider sales for $13.43 million activity. On Tuesday, August 28 Donaker Geoffrey L sold $94,000 worth of Yelp Inc. (NYSE:YELP) or 2,000 shares. 5,000 shares valued at $165,951 were sold by Ramsay Alan on Tuesday, November 13. The insider Nachman Joseph R sold $420,000.

Criterion Capital Management Llc decreased its stake in Yelp Inc (YELP) by 9.46% based on its latest 2018Q3 regulatory filing with the SEC. Criterion Capital Management Llc sold 200,586 shares as the company’s stock declined 21.24% with the market. The hedge fund held 1.92M shares of the other consumer services company at the end of 2018Q3, valued at $83.11 million, down from 2.12M at the end of the previous reported quarter. Criterion Capital Management Llc who had been investing in Yelp Inc for a number of months, seems to be less bullish one the $2.88B market cap company. The stock increased 0.32% or $0.11 during the last trading session, reaching $34.61. About 1.64 million shares traded. Yelp Inc. (NYSE:YELP) has declined 12.63% since January 14, 2018 and is downtrending. It has underperformed by 12.63% the S&P500.

Criterion Capital Management Llc, which manages about $3.75B and $2.35 billion US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 20,107 shares to 132,305 shares, valued at $127.19M in 2018Q3, according to the filing. It also increased its holding in Palo Alto Networks Inc (NYSE:PANW) by 184,012 shares in the quarter, for a total of 1.01 million shares, and has risen its stake in Applied Matls Inc (NASDAQ:AMAT).

Analysts await Yelp Inc. (NYSE:YELP) to report earnings on February, 6. They expect $0.13 earnings per share, up 244.44 % or $0.22 from last year’s $-0.09 per share. YELP’s profit will be $10.80M for 66.56 P/E if the $0.13 EPS becomes a reality. After $0.17 actual earnings per share reported by Yelp Inc. for the previous quarter, Wall Street now forecasts -23.53 % negative EPS growth.

Another recent and important Yelp Inc. (NYSE:YELP) news was published by Fool.com which published an article titled: “Why Yelp Stock Dropped 21.4% in November – Motley Fool” on December 11, 2018.

Yelp Inc. (NYSE:YELP) Ratings Coverage

Among 12 analysts covering Yelp (NYSE:YELP), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. Yelp had 12 analyst reports since August 9, 2018 according to SRatingsIntel. The stock of Yelp Inc. (NYSE:YELP) has “Buy” rating given on Thursday, August 9 by Jefferies. The firm has “Hold” rating given on Friday, November 9 by Deutsche Bank. The rating was downgraded by JP Morgan on Friday, November 9 to “Neutral”. The company was maintained on Thursday, August 9 by Robert W. Baird. The company was downgraded on Friday, November 9 by Raymond James. SunTrust downgraded it to “Hold” rating and $35 target in Friday, November 9 report. The company was maintained on Thursday, August 9 by Barclays Capital. The stock has “Hold” rating by Stifel Nicolaus on Thursday, August 9. The stock of Yelp Inc. (NYSE:YELP) has “Underweight” rating given on Thursday, January 10 by Morgan Stanley.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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