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% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,622 shares of the local business review company’s stock after buying an additional 104,839 shares during the quarter. Bridgewater Associates LP owned 0.27% of Yelp worth $6,371,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI raised Yelp to a “hold” rating in a research report on Monday, November 11th. Bank of America began coverage on Yelp in a research note on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Robert W. Baird dropped their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, The Goldman Sachs Group downgraded shares of 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 research 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 assigned a strong buy rating to the company. According to MarketBeat, Yelp currently has an average rating of “Hold” and a consensus target price of $37.00.

Yelp Stock Performance

Shares of YELP stock opened at $38.22 on Friday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The company 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. The company has a 50-day simple moving average of $35.11 and a 200 day simple moving average of $35.45.

Insider Transactions at Yelp

In other Yelp news, CTO Sam Eaton sold 10,744 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 $4,301,497.60. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the firm’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 transaction, the chief operating officer now directly owns 255,558 shares in the company, valued at $8,694,083.16. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,598 shares of company stock worth $1,106,106 over 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.