Bridgewater Associates LP Has $6.37 Million Position in Yelp Inc. (NYSE:YELP)

Bridgewater Associates LP increased its position in shares of Yelp Inc. (NYSE:YELP) by 136.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,622 shares of the local business review company’s stock after acquiring an additional 104,839 shares during the period. Bridgewater Associates LP’s holdings in Yelp were worth $6,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Yelp by 17.5% during the third quarter. BNP Paribas Financial Markets now owns 36,738 shares of the local business review company’s stock valued at $1,289,000 after purchasing an additional 5,482 shares in the last quarter. FMR LLC grew its holdings in Yelp by 13.7% during 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. Daiwa Securities Group Inc. increased its position in Yelp by 62.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,300 shares of the local business review company’s stock valued at $256,000 after acquiring an additional 2,800 shares during the period. Algert Global LLC raised its stake in shares of Yelp by 7.5% during the third quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock valued at $7,159,000 after acquiring an additional 14,213 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Yelp by 6.2% during the third quarter. Cerity Partners LLC now owns 239,640 shares of the local business review company’s stock worth $8,407,000 after purchasing an additional 13,993 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on YELP. The Goldman Sachs Group downgraded Yelp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $46.00 to $38.00 in a report on Monday, October 14th. Bank of America began coverage on Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective for the company. Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Robert W. Baird reduced their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.00.

Yelp Stock Performance

Yelp stock opened at $38.22 on Friday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.69 and a beta of 1.33. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99. The stock’s 50 day moving average price is $35.11 and its two-hundred day moving average price is $35.45.

Insider Activity at Yelp

In other Yelp news, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now owns 122,480 shares of the company’s stock, valued at approximately $4,301,497.60. This trade represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Carmen Amara sold 12,854 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the transaction, the insider now directly owns 88,813 shares in the company, valued at $3,389,992.21. The trade was a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,598 shares of company stock worth $1,106,106 in the last quarter. 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.