Barclays PLC Grows Stock Holdings in Yelp Inc. (NYSE:YELP)

Barclays PLC lifted its position in Yelp Inc. (NYSE:YELP - Free Report) by 347.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,363 shares of the local business review company's stock after purchasing an additional 124,561 shares during the period. Barclays PLC owned about 0.24% of Yelp worth $5,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Yelp in the 2nd quarter worth about $25,000. Fifth Third Bancorp boosted its stake in shares of Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company's stock valued at $25,000 after purchasing an additional 481 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Yelp by 115.9% in the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock valued at $34,000 after acquiring an additional 524 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock valued at $40,000 after buying an additional 405 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock worth $41,000 after purchasing an additional 583 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI upgraded shares of Yelp to a "hold" rating in a research note on Monday, November 11th. Bank of America started coverage on Yelp in a research note on Monday, September 16th. They set an "underperform" rating and a $30.00 target price for the company. StockNews.com raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. The Goldman Sachs Group cut shares of Yelp from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Finally, Robert W. Baird dropped their price target on Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.00.

Insider Transactions at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.05, for a total value of $38,050.00. Following the transaction, the insider now directly owns 184,558 shares of the company's stock, valued at $7,022,431.90. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carmen Amara sold 12,854 shares of the business's stock in a transaction 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 sale, the insider now directly owns 88,813 shares of the company's stock, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,865 shares of company stock valued at $1,934,418. Insiders own 7.40% of the company's stock.

Yelp Stock Down 0.6 %

NYSE YELP traded down $0.22 during trading hours on Friday, hitting $38.08. 2,965,248 shares of the company were exchanged, compared to its average volume of 731,662. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 0.71 and a beta of 1.35. The company has a 50 day moving average of $36.63 and a two-hundred day moving average of $35.68. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99.

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.