Fiduciary Financial Group LLC Makes New $276,000 Investment in Yelp Inc. (NYSE:YELP)

Fiduciary Financial Group LLC purchased a new position in shares of Yelp Inc. (NYSE:YELP) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,187 shares of the local business review company’s stock, valued at approximately $276,000.

Several other hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted its position in Yelp by 6.1% during the second quarter. American Century Companies Inc. now owns 106,972 shares of the local business review company’s stock worth $3,953,000 after buying an additional 6,191 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Yelp by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock worth $62,587,000 after acquiring an additional 33,046 shares during the period. Tredje AP fonden acquired a new stake in shares of Yelp in the second quarter worth approximately $705,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Yelp by 13.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,879 shares of the local business review company’s stock worth $254,000 after acquiring an additional 804 shares during the last quarter. Finally, Pacer Advisors Inc. grew 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 purchasing an additional 111,936 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Stock Up 2.9 %

YELP stock opened at $39.97 on Thursday. The stock’s 50 day moving average is $38.31 and its two-hundred day moving average is $36.01. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $45.91. The company has a market capitalization of $2.63 billion, a PE ratio of 23.93, a P/E/G ratio of 0.71 and a beta of 1.34.

Insider Transactions at Yelp

In other news, insider Carmen Amara sold 12,854 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total value of $490,637.18. Following the sale, the insider now owns 88,813 shares in the company, valued at approximately $3,389,992.21. This represents a 12.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of Yelp stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the transaction, the chief technology officer now owns 122,480 shares of the company’s stock, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,865 shares of company stock valued at $1,734,268. 7.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.00 to $38.00 in a report on Monday, October 14th. Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. Robert W. Baird reduced their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their target price on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.17.

About Yelp

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.