Teachers Retirement System of The State of Kentucky acquired a new position in shares of Yelp Inc (NYSE:YELP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,200 shares of the local business review company’s stock, valued at approximately $502,000.

Other hedge funds also recently added to or reduced their stakes in the company. Trexquant Investment LP grew its position in shares of Yelp by 3.7% during the second quarter. Trexquant Investment LP now owns 39,659 shares of the local business review company’s stock worth $1,554,000 after acquiring an additional 1,414 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of Yelp by 2.0% during the second quarter. Federated Investors Inc. PA now owns 87,520 shares of the local business review company’s stock worth $3,429,000 after acquiring an additional 1,758 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Yelp by 7.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 26,363 shares of the local business review company’s stock worth $1,033,000 after acquiring an additional 1,760 shares during the last quarter. Sei Investments Co. grew its position in shares of Yelp by 0.5% during the second quarter. Sei Investments Co. now owns 371,720 shares of the local business review company’s stock worth $14,564,000 after acquiring an additional 1,924 shares during the last quarter. Finally, Stone Ridge Asset Management LLC grew its position in shares of Yelp by 47.9% during the third quarter. Stone Ridge Asset Management LLC now owns 10,058 shares of the local business review company’s stock worth $495,000 after acquiring an additional 3,258 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

YELP has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, August 15th. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Yelp in a research report on Thursday, September 13th. Royal Bank of Canada raised their target price on shares of Yelp to $62.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Finally, Raymond James lowered shares of Yelp from an “outperform” rating to a “market perform” rating in a research report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Yelp presently has a consensus rating of “Hold” and a consensus price target of $42.10.

In other Yelp news, insider Alan Ramsay sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $33.19, for a total transaction of $165,950.00. Following the sale, the insider now directly owns 35,234 shares in the company, valued at approximately $1,169,416.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $45.02, for a total transaction of $90,040.00. Following the sale, the director now owns 8,055 shares in the company, valued at $362,636.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,355 shares of company stock worth $8,218,951. 9.00% of the stock is currently owned by insiders.

NYSE:YELP opened at $34.59 on Friday. Yelp Inc has a 1-year low of $29.33 and a 1-year high of $52.50. The firm has a market capitalization of $2.86 billion, a P/E ratio of 202.41, a PEG ratio of 3.71 and a beta of 1.30.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, November 8th. The local business review company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. Yelp had a net margin of 18.04% and a return on equity of 1.34%. The firm had revenue of $241.10 million for the quarter, compared to analyst estimates of $245.55 million. During the same period last year, the firm posted $0.29 EPS. Yelp’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Yelp Inc will post 0.37 earnings per share for the current year.

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Yelp Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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