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.

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.

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