Yelp (YELP) Shares Dip 45% from High, Attract Some Buyers

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					Robert DeFrancesco’s
November 17, 2012

Yelp (YELP) Shares Dip 45% from Post-IPO High
NOW AVAILABLE: The November 2012 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the November 2012 issue:

*Winners emerge from Q3 earnings season
*LinkedIn gets bigger in the enterprise
*ServiceNow builds its customer base
*Imperva issues an upbeat 2013 outlook
*Beneficiaries of the telecom spending rebound
*Teradata sees a demand pause
*Jive Software regroups after stumble
*Behind Riverbed’s big acquisition of OPNET
*Flashy growth from Fusion-IO
*Sourcefire raises its revenue outlook yet again
*Fortinet and Palo Alto Networks battle it out
*Smartphone growth drives Skyworks
*Facebook finding traction in mobile ads
*Accelerating revenue growth at Akamai
*Cornerstone OnDemand takes HCM mobile
*Workday is ready to disrupt after its sizzling IPO

Order the November 2012 issue here:


Shares of Yelp (YELP, $17.32), the online review site, have come down 45% from
the post-IPO high of $31.96. Just since the October high of $29.48, the stock is off

The market cap has fallen to $1.1 billion, or 5.3 times the 2013 consensus revenue
estimate of $207.3 million. Top-line growth next year is expected to come in just
above 51%.

In Q3, Allianz Asset Management was the biggest Yelp buyer, picking up 1.5 million
shares. The money manager is now the #1 holder, with 2.11 million shares.
Andor Capital Management ($784 million in long equity assets/73% tech weighting)
and Steadfast Capital Management ($2.6 billion in long equity assets/17% tech
weighting) opened new positions of 500,000 shares and 479,905 shares,
respectively. Both firms are now among the 10 largest holders of Yelp shares.

Lord, Abbett upped its stake by 42%, purchasing 415,864 shares, and is now the #2
holder, with 1.39 million shares.

Cupps Capital Management ($805 million in long equity assets/48% tech weighting)
is the #3 holder (929,779 shares) after boosting its position by 71% with the
addition of 388,459 shares.

One non-fan is mutual fund giant T. Rowe Price, which sold out of its position of
283,500 shares. Fidelity, the #7 holder, held its position steady at 653,893 shares.

Yelp went public in March at $15 a share and opened for trading at $22.


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Description: This social-media IPO still remains above its offering price