Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.83 Million Holdings in Yelp Inc. (NYSE:YELP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Yelp Inc. (NYSE:YELP) by 5.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,812 shares of the local business review company’s stock after buying an additional 4,010 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.11% of Yelp worth $2,833,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. River Road Asset Management LLC grew its stake in Yelp by 1.8% during the second quarter. River Road Asset Management LLC now owns 2,043,960 shares of the local business review company’s stock worth $74,421,000 after buying an additional 35,663 shares in the last quarter. Royce & Associates LP grew its stake in Yelp by 42.4% during the first quarter. Royce & Associates LP now owns 49,310 shares of the local business review company’s stock worth $1,514,000 after buying an additional 14,676 shares in the last quarter. Jacob Asset Management of New York LLC grew its stake in Yelp by 396.9% during the first quarter. Jacob Asset Management of New York LLC now owns 27,668 shares of the local business review company’s stock worth $849,000 after buying an additional 22,100 shares in the last quarter. KBC Group NV acquired a new stake in Yelp during the second quarter worth about $190,000. Finally, Ceera Investments LLC grew its stake in Yelp by 12.7% during the first quarter. Ceera Investments LLC now owns 117,547 shares of the local business review company’s stock worth $3,609,000 after buying an additional 13,281 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Yelp from an “underweight” rating to a “neutral” rating and set a $39.00 target price for the company in a report on Friday, October 27th. StockNews.com began coverage on shares of Yelp in a report on Thursday, October 5th. They issued a “strong-buy” rating for the company. TheStreet upgraded shares of Yelp from a “c+” rating to a “b” rating in a report on Thursday, August 3rd. Jefferies Financial Group raised their price objective on shares of Yelp from $32.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley raised their price objective on shares of Yelp from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.33.

Yelp Stock Performance

Shares of NYSE YELP opened at $45.26 on Monday. The company has a market capitalization of $3.10 billion, a P/E ratio of 35.92 and a beta of 1.43. Yelp Inc. has a 52-week low of $25.30 and a 52-week high of $47.59. The company’s 50 day moving average price is $42.85 and its 200-day moving average price is $39.78.

Insider Transactions at Yelp

In other news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction on Friday, August 25th. The shares were sold at an average price of $42.00, for a total value of $252,000.00. Following the completion of the sale, the chief operating officer now owns 291,232 shares in the company, valued at approximately $12,231,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $42.00, for a total transaction of $252,000.00. Following the completion of the sale, the chief operating officer now owns 291,232 shares in the company, valued at approximately $12,231,744. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Stoppelman sold 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the sale, the chief executive officer now owns 2,122,010 shares of the company’s stock, valued at approximately $95,490,450. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,526 shares of company stock worth $3,593,069. Company insiders own 7.20% 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 local business 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.