Aigen Investment Management LP Makes New Investment in Yelp Inc. (NYSE:YELP)

Aigen Investment Management LP bought a new position in Yelp Inc. (NYSE:YELP - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 27,218 shares of the local business review company's stock, valued at approximately $955,000.

Several other hedge funds also recently bought and sold shares of the company. Quest Partners LLC raised its holdings in shares of Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company's stock worth $1,001,000 after acquiring an additional 15,451 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of Yelp during the first quarter worth $594,000. CANADA LIFE ASSURANCE Co increased its stake in Yelp by 7.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company's stock valued at $2,409,000 after buying an additional 4,306 shares during the last quarter. Ceera Investments LLC increased its stake in Yelp by 13.6% in the 2nd quarter. Ceera Investments LLC now owns 173,597 shares of the local business review company's stock valued at $6,414,000 after buying an additional 20,780 shares during the last quarter. Finally, Algert Global LLC increased its stake in Yelp by 11.0% in the 2nd quarter. Algert Global LLC now owns 189,864 shares of the local business review company's stock valued at $7,015,000 after buying an additional 18,786 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now owns 145,171 shares of the company's stock, valued at approximately $5,080,985. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the completion of the sale, the chief operating officer now owns 255,558 shares of the company's stock, valued at approximately $8,694,083.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now owns 145,171 shares of the company's stock, valued at $5,080,985. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,630 shares of company stock valued at $1,105,937. Company insiders own 7.40% of the company's stock.

Yelp Trading Down 3.5 %

Shares of YELP traded down $1.32 during midday trading on Wednesday, reaching $36.89. The stock had a trading volume of 857,609 shares, compared to its average volume of 729,373. The firm has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $35.68. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99. The firm has a market cap of $2.47 billion, a PE ratio of 22.09, a P/E/G ratio of 0.71 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Wolfe Research assumed coverage on shares of Yelp in a research note on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Bank of America assumed coverage on shares of Yelp in a research note on Monday, September 16th. They issued an "underperform" rating and a $30.00 price target on the stock. Evercore ISI upgraded shares of Yelp to a "hold" rating in a research note on Monday. Finally, Robert W. Baird decreased their price objective on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $37.00.

Yelp Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.