Yelp (YELP) Stock Upgraded - $81 Price Target 2014

Yelp (YELP) Stock Upgraded - $81 Price Target 2014 at Deutsche Bank

YELP stock is rising to $61 this morning after Deutsche Bank upgraded shares to Buy with an $81 price target.  Deutsche Bank views Yelp as a great local and mobile play and sees revenues hitting $1 billion in five years.

Yelp is very addicting, you check in on your mobile phone everywhere you go, you write reviews, and find great restaurants and businesses.  You can even get free drinks at the bar, a free order of fries at select restaurants just by checking in.  On top of the check in deals, Yelp offers Yelp Deals.  Yelp is now competing with Groupon (GRPN) and will eventually steal market share.  Yelp also bought a reservation service called SeatMe.  SeatMe will eventually be integrated into Yelp and compete with OpenTable (OPEN).  My Price Target on YELP is $190 for 2016-2018.

I've like Yelp (YELP) since the mid $40's after the company beat earnings.  Yelp is a stock I actively trade in my trading account and one of my largest positions in my retirement account.

Funds that Own Facebook Stock

It is now much harder for the wealthy to buy shares of Facebook in private transactions. SharesPost, one of the leading marketplaces for non-publicly traded companies, just announced that the company "will cease facilitating transactions in Facebook stock as of Friday end of day to help ensure the company's orderly transition into the public markets." This was done at the request of Facebook.

Yet, investors both big and small still have an opportunity to acquire shares indirectly, by buying stock in funds that own shares of Facebook. The options are mutual funds, which are priced once a day based on the net asset value, or closed end funds, which trade on exchanges all day long just like a regular stock.

WallStreetNewsNetwork.com has turned up two closed end funds that own shares of Facebook, on its free list of Facebook Stocks. One of the CEFs is GSV Capital (GSVC), which specializes in investing in venture capital backed private companies. The company name comes from Global Silicon Valley Capital. It owns a fairly diverse portfolio of innovative businesses, such as Bloom Energy, Dropbox, TrueCar, Twitter, and even SharesPost. It also owns a couple companies that have recently gone public, including Zynga (ZNGA) and Groupon (GRPN).

But most important, according to the company's fourth quarter Schedule of Investments as of December 31, 2011, there are 350,000 Class B common shares on the books at a cost of $10,465,981. The holdings represent 14.63% of the company's portfolio.

In the last three months, the GSV share price has risen from around 14 per share to 20 currently, an increase of 42%. Yes GSV has yet moved as much as another CEF that owns Facebook, the Firsthand Technology Value Fund (SVVC), which has increased in price from less than 15 per share to almost 37 today, a boost of 60%. It actually traded above 40 a couple days ago but had a pullback.

In terms of mutual funds that own Facebook stock, the T. Rowe Price Media & Telecommunications Fund (PRMTX) has approximately 1.2% of its portfolio in Facebook shares, a fairly small percentage compared to the closed end funds.

To see a list of over 25 of the companies that own Facebook stock, check out the free list at WallStreetNewsNetwork.com, which can be downloaded, sorted, and updated.

Disclosure: Author owns GSVC and SVVC. No recommendations of any of the above stocks is expressed or implied.

By Stockerblog.com