Yelp Inc. (NYSE:YELP) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 74.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,422 shares of the local business review company's stock after selling 62,461 shares during the period. AlphaQuest LLC's holdings in Yelp were worth $829,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. bought a new stake in shares of Yelp in the 3rd quarter worth about $54,000. CWA Asset Management Group LLC bought a new stake in Yelp during the third quarter worth approximately $364,000. Meritage Portfolio Management raised its position in Yelp by 9.4% during the third quarter. Meritage Portfolio Management now owns 14,573 shares of the local business review company's stock valued at $511,000 after purchasing an additional 1,253 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Yelp by 11.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 57,065 shares of the local business review company's stock valued at $2,002,000 after purchasing an additional 5,662 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Yelp in the 3rd quarter worth approximately $546,000. Hedge funds and other institutional investors own 90.11% of the company's stock.

Insiders Place Their Bets

In other news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00. Following the transaction, the insider now directly owns 183,558 shares in the company, valued at approximately $6,973,368.42. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carmen Amara sold 1,500 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 107,207 shares of the company's stock, valued at $3,554,984.12. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,727 shares of company stock worth $2,480,517 in the last ninety days. 7.40% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price target on Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.17.

Yelp Stock Up 3.0 %

YELP traded up $1.04 during trading hours on Friday, reaching $35.04. 821,645 shares of the company's stock traded hands, compared to its average volume of 686,788. The firm has a 50-day moving average price of $37.95 and a 200 day moving average price of $36.64. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $41.72. The firm has a market capitalization of $2.28 billion, a PE ratio of 18.25, a PEG ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. The firm had revenue of $361.95 million for the quarter, compared to analysts' expectations of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Equities analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

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.