Will Yelp’s Analyst Review Satisfy These Top Institutional Shareholders?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

RBC Capital analysts initiated coverage on Yelp (NYSE:YELP) shares in a research report that was issued to clients and investors on Friday. The firm have given the stock a “sector perform” rating, and various other analysts also recently weighed in on YELP. JMP Securities initiated coverage on the company’s shares of Yelp in a research note to investors on Tuesday, giving the stock a “market perform” rating. Analysts at Wunderlich also initiated coverage on Yelp in a research note that was presented to investors on Wednesday, February 27. They gave the stock a “hold” rating and a $22.00 price target. Additionally, analysts at Cantor Fitzgerald decided to increase their price target from $24 to $27 in a research note to investors on Thursday, February 7. The firm now has a “buy” rating on the stock.

These institutional firms indicated owning shares of Yelp in Q4 2012. They reported owning a total of 29.178 million shares on 12/31/2012. The shares closed at $18.85 on 12/31/2012.

The stock market is at 5-year highs! Discover the best stocks to buy in today’s market. CLICK HERE for Your Stock Investor Cheat Sheet NOW!

Here are the ten largest positions in Yelp at the end of December 31, 2012.

Elevation Management LLC held 11,625,809 shares on 12/31/2012 worth $219,146,504. This brought the portfolio total to 32.64 percent.

FMR LLC held 1,945,769 shares on 12/31/2012 worth $36,677,746. This brought the portfolio total to 0.01 percent.

Lord Abbett & Co. LLC held 1,507,834 shares on 12/31/2012 worth $28,422,671. This brought the portfolio total to 0.07 percent.

Allianz Asset Management AG held 1,022,650 shares on 12/31/2012 worth $19,276,953. This brought the portfolio total to 0.02 percent.

AllianceBernstein LP held 1,012,139 shares on 12/31/2012 worth $19,078,821. This brought the portfolio total to 0.02 percent.

Joho Capital LLC held 974,795 shares on 12/31/2012 worth $18,374,886. This brought the portfolio total to 2.43 percent.

Tybourne Capital Management HK Ltd held 825,000 shares on 12/31/2012 worth $15,551,250. This brought the portfolio total to 3.5 percent.

Franklin Resources Inc held 817,287 shares on 12/31/2012 worth $15,405,860. This brought the portfolio total to 0.01 percent.

Janus Capital Management LLC held 762,317 shares on 12/31/2012 worth $14,369,676. This brought the portfolio total to 0.02 percent.

Coatue Management LLC held 735,222 shares on 12/31/2012 worth $13,858,935. This brought the portfolio total to 0.23 percent.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business