Aigen Investment Management LP trimmed its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 56.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,839 shares of the local business review company's stock after selling 15,379 shares during the period. Aigen Investment Management LP's holdings in Yelp were worth $458,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Yelp by 9,073.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company's stock worth $84,000 after purchasing an additional 2,359 shares during the period. US Bancorp DE increased its stake in Yelp by 18.9% in the third quarter. US Bancorp DE now owns 19,546 shares of the local business review company's stock worth $686,000 after purchasing an additional 3,101 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Yelp by 114.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company's stock valued at $9,794,000 after purchasing an additional 148,917 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in Yelp in the third quarter worth approximately $54,000. Finally, CWA Asset Management Group LLC purchased a new stake in Yelp during the third quarter worth $364,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Yelp
In other news, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the sale, the insider now owns 107,207 shares of the company's stock, valued at approximately $3,554,984.12. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Sam Eaton sold 21,989 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the transaction, the chief technology officer now directly owns 153,159 shares of the company's stock, valued at $5,467,776.30. This trade represents a 12.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,489 shares of company stock valued at $2,087,187. Corporate insiders own 7.40% of the company's stock.
Yelp Stock Performance
Shares of NYSE YELP traded up $0.35 during trading on Monday, reaching $35.50. The stock had a trading volume of 97,367 shares, compared to its average volume of 681,697. The business's 50-day moving average price is $38.27 and its 200-day moving average price is $36.66. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The company has a market cap of $2.34 billion, a P/E ratio of 18.53, a PEG ratio of 0.76 and a beta of 1.40.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The company had revenue of $361.95 million during the quarter, compared to analysts' expectations of $350.73 million. Analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on YELP. Evercore ISI raised Yelp to a "hold" rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Finally, StockNews.com raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $37.17.
View Our Latest Stock Report on YELP
About Yelp
(
Free Report)
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.
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