Washington Trust Bank Decreased By $3.44 Million Its General Electric Co (GE) Stake; 22 Analysts Covering Yelp Inc. (YELP)

April 15, 2018 - By Annabelle Johnson

General Electric Company (NYSE:GE) Logo

Among 47 analysts covering Yelp (NYSE:YELP), 22 have Buy rating, 5 Sell and 20 Hold. Therefore 47% are positive. Yelp had 156 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Underweight” rating by PiperJaffray given on Thursday, December 7. As per Wednesday, July 29, the company rating was maintained by Northland Capital. B. Riley & Co maintained it with “Neutral” rating and $21 target in Thursday, October 29 report. The rating was maintained by Barclays Capital on Thursday, February 8 with “Equal-Weight”. RBC Capital Markets maintained the shares of YELP in report on Thursday, August 3 with “Hold” rating. The stock of Yelp Inc. (NYSE:YELP) has “Buy” rating given on Friday, August 4 by J.P. Morgan. As per Friday, February 10, the company rating was maintained by Mizuho. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, February 7. The rating was maintained by Needham on Wednesday, July 29 with “Buy”. The firm has “Buy” rating by Jefferies given on Friday, August 25. See Yelp Inc. (NYSE:YELP) latest ratings:

08/02/2018 Broker: William Blair Rating: Hold
08/02/2018 Broker: SunTrust Rating: Buy New Target: $50.0 Maintain
08/02/2018 Broker: Piper Jaffray Rating: Sell New Target: $36.5 Maintain
07/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $52.0 Maintain
08/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $55 New Target: $52 Maintain
08/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $43 New Target: $40 Maintain
08/02/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $40 New Target: $38 Maintain
08/02/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $51 New Target: $50 Maintain
08/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $43 New Target: $44 Maintain
24/01/2018 Broker: Cowen & Co Rating: Hold New Target: $49.0 Maintain

Washington Trust Bank decreased General Electric Co (GE) stake by 81.7% reported in 2017Q4 SEC filing. Washington Trust Bank sold 202,358 shares as General Electric Co (GE)’s stock declined 23.20%. The Washington Trust Bank holds 45,322 shares with $791,000 value, down from 247,680 last quarter. General Electric Co now has $117.27 billion valuation. The stock increased 2.47% or $0.32 during the last trading session, reaching $13.51. About 68.98 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 15, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. They expect $0.12 EPS, down 42.86% or $0.09 from last year’s $0.21 per share. GE’s profit will be $1.04B for 28.15 P/E if the $0.12 EPS becomes a reality. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity. DIMITRIEF ALEXANDER bought 2,689 shares worth $43,446.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It is negative, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Cove Street Cap Ltd Liability holds 430,300 shares or 0.81% of its portfolio. Benjamin F Edwards & accumulated 169,617 shares. Welch And Forbes Ltd Llc invested in 1.34M shares. Moreover, Btim Corp has 0.04% invested in General Electric Company (NYSE:GE). State Of Tennessee Treasury Department reported 4.20 million shares. Cutter And Brokerage has 0.11% invested in General Electric Company (NYSE:GE). Sandy Spring Retail Bank invested in 116,463 shares. Neumann Capital Mngmt Ltd Liability Corporation has invested 0.87% in General Electric Company (NYSE:GE). Arvest State Bank Tru Division holds 12,024 shares or 0.01% of its portfolio. Adams Asset Advisors Lc owns 35,809 shares. Pacific Invest Mgmt Company has invested 0.24% in General Electric Company (NYSE:GE). Bennicas Assoc accumulated 40,880 shares. Pioneer Tru Financial Bank N A Or holds 46,136 shares or 0.39% of its portfolio. Beck Mack And Oliver Ltd Liability reported 181,440 shares or 0.1% of all its holdings. Perkins Coie Tru holds 0.66% or 75,577 shares in its portfolio.

Washington Trust Bank increased Costco Wholesale Corp (NASDAQ:COST) stake by 7,761 shares to 53,331 valued at $9.93 million in 2017Q4. It also upped Dxc Technology Co stake by 62,132 shares and now owns 62,738 shares. Ishares Trust (HYG) was raised too.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company has $67 highest and $1100 lowest target. $25.35’s average target is 87.64% above currents $13.51 stock price. General Electric Company had 97 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, January 22 the stock rating was downgraded by Bank of America to “Hold”. The firm has “Sell” rating given on Tuesday, November 21 by Deutsche Bank. The company was upgraded on Tuesday, July 21 by TheStreet. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, December 28 by Tigress Financial. The stock has “Hold” rating by Stifel Nicolaus on Sunday, December 10. The rating was maintained by Cowen & Co with “Hold” on Friday, April 21. On Wednesday, October 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Monday, June 12 by Cowen & Co. The stock has “Buy” rating by Bank of America on Monday, October 23. The firm has “Hold” rating given on Tuesday, January 16 by Vertical Research.

Investors sentiment increased to 1.33 in 2017 Q4. Its up 0.48, from 0.85 in 2017Q3. It improved, as 37 investors sold Yelp Inc. shares while 49 reduced holdings. 44 funds opened positions while 70 raised stakes. 60.57 million shares or 0.90% more from 60.04 million shares in 2017Q3 were reported. Raymond James Fin Services Advsrs Inc holds 33,815 shares. Gsa Capital Prtnrs Llp accumulated 13,002 shares. Quantbot Tech Limited Partnership has invested 0.07% in Yelp Inc. (NYSE:YELP). 258,652 are owned by Hap Trading Ltd Liability Corp. Landscape Lc owns 33,611 shares or 0.13% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 4,240 shares for 0% of their portfolio. Aperio Gru Ltd Liability Com holds 0% or 9,793 shares in its portfolio. Bnp Paribas Arbitrage has 0% invested in Yelp Inc. (NYSE:YELP) for 37,154 shares. Creative Planning has invested 0% in Yelp Inc. (NYSE:YELP). Neuberger Berman Grp Lc accumulated 6,084 shares. Ubs Asset Mngmt Americas holds 55,469 shares. 1.04 million are owned by Fine Cap Ptnrs Lp. Edge Wealth Mgmt has 0.03% invested in Yelp Inc. (NYSE:YELP) for 2,600 shares. Caisse De Depot Et Placement Du Quebec holds 0.01% in Yelp Inc. (NYSE:YELP) or 107,100 shares. Peak6 Invests L P holds 0.01% of its portfolio in Yelp Inc. (NYSE:YELP) for 59,682 shares.

The stock decreased 0.91% or $0.4 during the last trading session, reaching $43.6. About 743,321 shares traded. Yelp Inc. (NYSE:YELP) has risen 27.04% since April 15, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

General Electric Company (NYSE:GE) Institutional Positions Chart