California Public Employees Retirement System increased its position in Yelp Inc (NYSE:YELP) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,700 shares of the local business review company’s stock after buying an additional 4,500 shares during the quarter. California Public Employees Retirement System owned about 0.14% of Yelp worth $5,023,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after purchasing an additional 4,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Yelp by 46.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after purchasing an additional 1,337 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Yelp during the third quarter worth $204,000. Turner Investments LLC acquired a new stake in shares of Yelp during the third quarter worth $217,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yelp during the third quarter worth $222,000. Institutional investors and hedge funds own 89.32% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, November 21st. KeyCorp set a $54.00 target price on Yelp and gave the stock a “buy” rating in a research report on Thursday, November 16th. ValuEngine lowered Yelp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus cut their target price on Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, February 8th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Yelp in a research report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have assigned a buy rating to the company. Yelp has a consensus rating of “Hold” and a consensus price target of $43.66.
Yelp Inc (NYSE YELP) opened at $46.81 on Tuesday. Yelp Inc has a 52 week low of $26.93 and a 52 week high of $48.40. The company has a market capitalization of $3,880.00, a PE ratio of 26.90, a price-to-earnings-growth ratio of 7.18 and a beta of 1.11.
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Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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