Fiduciary Financial Group LLC Makes New Investment in Yelp Inc. (NYSE:YELP)

Fiduciary Financial Group LLC acquired a new stake in Yelp Inc. (NYSE:YELP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,187 shares of the local business review company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YELP. Millennium Management LLC grew its holdings in Yelp by 1,089.2% during the 2nd quarter. Millennium Management LLC now owns 188,371 shares of the local business review company’s stock worth $6,960,000 after acquiring an additional 172,531 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Yelp by 114.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock worth $9,794,000 after purchasing an additional 148,917 shares in the last quarter. Barclays PLC increased its holdings in Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after buying an additional 124,561 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Yelp by 4.3% in the second quarter. Pacer Advisors Inc. now owns 2,695,536 shares of the local business review company’s stock valued at $99,600,000 after buying an additional 111,936 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in Yelp by 136.5% in the third quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock valued at $6,371,000 after buying an additional 104,839 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Yelp

In other news, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This trade represents a 12.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,865 shares of company stock worth $1,734,268 over the last three months. 7.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YELP. Robert W. Baird lowered their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.17.

Yelp Stock Up 2.9 %

Shares of Yelp stock opened at $39.97 on Thursday. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $45.91. The company’s 50-day simple moving average is $38.31 and its 200-day simple moving average is $36.01. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34.

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.