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

Fiduciary Financial Group LLC bought a new stake in Yelp Inc. (NYSE:YELP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,187 shares of the local business review company's stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock worth $34,000 after acquiring an additional 524 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Yelp by 54.5% in the 3rd 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. Signaturefd LLC boosted its holdings in shares of Yelp by 98.5% during the 3rd 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 during the last quarter. Quarry LP boosted its holdings in shares of Yelp by 153.4% during the 2nd quarter. Quarry LP now owns 1,323 shares of the local business review company's stock worth $49,000 after purchasing an additional 801 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Yelp in the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.11% of the company's stock.

Yelp Trading Up 1.4 %

NYSE YELP traded up $0.56 during trading hours on Thursday, reaching $40.55. The company had a trading volume of 1,021,713 shares, compared to its average volume of 652,311. The stock has a market capitalization of $2.67 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.34. The stock has a 50-day moving average of $38.40 and a 200 day moving average of $36.04. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $45.91.

Analysts Set New Price Targets

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

Insider Activity

In related news, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $38.29, for a total transaction of $382,900.00. Following the completion of the transaction, the chief financial officer now directly owns 211,988 shares in the company, valued at $8,117,020.52. This trade represents a 4.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Sam Eaton sold 10,744 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $35.12, for a total transaction of $377,329.28. Following the sale, the chief technology officer now owns 122,480 shares in the company, 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. In the last three months, insiders have sold 55,865 shares of company stock valued at $2,129,368. Company insiders own 7.40% of the company's stock.

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.