Geode Capital Management LLC increased its position in shares of Yelp Inc (NYSE:YELP) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,053,283 shares of the local business review company’s stock after buying an additional 121,261 shares during the quarter. Geode Capital Management LLC’s holdings in Yelp were worth $36,854,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Yelp by 142.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 850 shares of the local business review company’s stock worth $30,000 after purchasing an additional 500 shares during the period. Oregon Public Employees Retirement Fund bought a new position in Yelp during the fourth quarter worth about $31,000. PNC Financial Services Group Inc. lifted its stake in Yelp by 271.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the local business review company’s stock worth $78,000 after purchasing an additional 1,627 shares during the period. Exane Derivatives lifted its stake in Yelp by 429,900.0% during the fourth quarter. Exane Derivatives now owns 4,300 shares of the local business review company’s stock worth $150,000 after purchasing an additional 4,299 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Yelp by 14.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,329 shares of the local business review company’s stock worth $186,000 after purchasing an additional 658 shares during the period. 95.40% of the stock is currently owned by institutional investors and hedge funds.

YELP opened at $30.36 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.93 and a quick ratio of 5.93. Yelp Inc has a 52 week low of $29.33 and a 52 week high of $52.50. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 60.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.12.

Yelp (NYSE:YELP) last released its earnings results on Thursday, May 9th. The local business review company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Yelp had a net margin of 6.17% and a return on equity of 4.09%. The firm had revenue of $235.94 million during the quarter, compared to analyst estimates of $234.96 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts expect that Yelp Inc will post 0.68 EPS for the current year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a report on Friday, May 10th. BMO Capital Markets started coverage on shares of Yelp in a report on Wednesday, April 17th. They issued an “outperform” rating for the company. B. Riley raised their price target on shares of Yelp from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 14th. Finally, Credit Suisse Group raised their price target on shares of Yelp from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.42.

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Yelp Company Profile

Yelp Inc operates a platform that connects consumers 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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