Yelp Inc. (NYSE:YELP) Stock Holdings Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in Yelp Inc. (NYSE:YELP) by 11.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,065 shares of the local business review company’s stock after purchasing an additional 5,662 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of Yelp worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in YELP. Fifth Third Bancorp lifted its position in shares of Yelp by 262.8% in the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after purchasing an additional 481 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Yelp in the second quarter worth approximately $25,000. GAMMA Investing LLC lifted its position in shares of Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after purchasing an additional 524 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after buying an additional 583 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Sam Eaton sold 10,776 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now directly owns 145,171 shares in the company, valued at approximately $5,080,985. The trade was a 6.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the completion of the transaction, the chief operating officer now owns 255,558 shares of the company’s stock, valued at $8,694,083.16. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,630 shares of company stock worth $1,105,937 in the last ninety days. Insiders own 7.40% of the company’s stock.

Yelp Trading Down 1.3 %

Shares of Yelp stock opened at $35.95 on Friday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99. The company’s fifty day simple moving average is $34.58 and its 200-day simple moving average is $35.61. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 0.67 and a beta of 1.33.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley increased their price objective on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Bank of America assumed coverage on Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective on the stock. The Goldman Sachs Group downgraded Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.00.

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.