Northwestern Mutual Investment Management Company LLC Sells 1,845 Shares of Yelp Inc (NYSE:YELP)

Northwestern Mutual Investment Management Company LLC trimmed its stake in Yelp Inc (NYSE:YELP) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,430 shares of the local business review company’s stock after selling 1,845 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Yelp were worth $640,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. boosted its stake in shares of Yelp by 44.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,407,793 shares of the local business review company’s stock worth $116,479,000 after acquiring an additional 1,043,745 shares during the period. Rothschild & Co. Asset Management US Inc. bought a new position in shares of Yelp during the 2nd quarter worth approximately $34,444,000. Goodnow Investment Group LLC boosted its stake in shares of Yelp by 1,243.4% during the 2nd quarter. Goodnow Investment Group LLC now owns 673,865 shares of the local business review company’s stock worth $23,033,000 after acquiring an additional 623,705 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Yelp during the 2nd quarter worth approximately $10,721,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Yelp by 421.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 365,000 shares of the local business review company’s stock worth $12,476,000 after acquiring an additional 295,000 shares during the period. Hedge funds and other institutional investors own 92.72% of the company’s stock.

Several research analysts have recently commented on YELP shares. Evercore ISI set a $38.00 target price on Yelp and gave the stock a “hold” rating in a research note on Friday, August 9th. DA Davidson restated a “buy” rating on shares of Yelp in a research note on Friday, August 9th. SunTrust Banks set a $37.00 price target on Yelp and gave the company a “hold” rating in a research note on Sunday, November 3rd. Oppenheimer restated a “hold” rating on shares of Yelp in a research note on Friday, August 9th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $46.00 price target (up from $45.00) on shares of Yelp in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $39.86.

YELP opened at $34.61 on Friday. The business has a fifty day simple moving average of $33.86 and a 200 day simple moving average of $34.14. The company has a market capitalization of $2.41 billion, a PE ratio of 65.90, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01. Yelp Inc has a 1 year low of $30.11 and a 1 year high of $40.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.67 and a quick ratio of 3.91.

About Yelp

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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