Geode Capital Management LLC Purchases 64,381 Shares of Yelp Inc. (NYSE:YELP)

Geode Capital Management LLC raised its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,759,229 shares of the local business review company's stock after buying an additional 64,381 shares during the quarter. Geode Capital Management LLC owned 2.63% of Yelp worth $61,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company's stock worth $96,256,000 after buying an additional 48,363 shares during the period. State Street Corp increased its stake in Yelp by 0.9% during the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company's stock valued at $89,567,000 after purchasing an additional 23,719 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Yelp by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company's stock valued at $62,587,000 after buying an additional 33,046 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Yelp by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company's stock valued at $41,205,000 after buying an additional 56,618 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company's stock worth $22,944,000 after acquiring an additional 78,585 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Stock Down 0.6 %

Shares of Yelp stock traded down $0.22 during trading on Friday, reaching $38.08. The company's stock had a trading volume of 2,965,248 shares, compared to its average volume of 731,662. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99. The firm's 50-day moving average is $36.63 and its two-hundred day moving average is $35.68. The company 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.

Analysts Set New Price Targets

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

Insider Buying and Selling at Yelp

In other news, CTO Sam Eaton sold 10,744 shares of Yelp stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the transaction, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the company's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the transaction, the chief operating officer now owns 255,558 shares in the company, valued at approximately $8,694,083.16. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,865 shares of company stock worth $1,934,418 over the last three months. Company insiders own 7.40% of the company's stock.

Yelp Company 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.