Quest Partners LLC Grows Stock Holdings in Yelp Inc. (NYSE:YELP)

Quest Partners LLC raised its stake in Yelp Inc. (NYSE:YELP - Free Report) by 209.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,883 shares of the local business review company's stock after buying an additional 56,789 shares during the quarter. Quest Partners LLC owned about 0.13% of Yelp worth $2,943,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UniSuper Management Pty Ltd acquired a new stake in shares of Yelp in the first quarter valued at $594,000. CANADA LIFE ASSURANCE Co grew its position 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 acquiring an additional 4,306 shares in the last quarter. Ceera Investments LLC increased its stake in Yelp by 13.6% during the second quarter. Ceera Investments LLC now owns 173,597 shares of the local business review company's stock worth $6,414,000 after purchasing an additional 20,780 shares during the period. Algert Global LLC lifted its position in shares of Yelp by 11.0% during the second quarter. Algert Global LLC now owns 189,864 shares of the local business review company's stock worth $7,015,000 after purchasing an additional 18,786 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Yelp by 79.7% in the second quarter. TD Asset Management Inc now owns 56,800 shares of the local business review company's stock valued at $2,099,000 after purchasing an additional 25,200 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.

Insider Activity at Yelp

In other Yelp news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now owns 145,171 shares of the company's stock, valued at $5,080,985. The trade was a 6.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Carmen Amara sold 12,854 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the sale, the insider now directly owns 88,813 shares of the company's stock, valued at $3,389,992.21. The trade was a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,630 shares of company stock valued at $1,105,937 over the last three months. 7.40% of the stock is owned by corporate insiders.

Yelp Stock Performance

Shares of NYSE:YELP traded down $0.10 on Monday, hitting $35.86. 644,853 shares of the company's stock were exchanged, compared to its average volume of 728,713. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99. The company has a market capitalization of $2.36 billion, a PE ratio of 21.47, a P/E/G ratio of 0.66 and a beta of 1.33. The firm's 50-day moving average is $34.63 and its 200 day moving average is $35.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Evercore ISI raised shares of Yelp to a "hold" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on Yelp from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Morgan Stanley lifted their target price on Yelp from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Tuesday, July 23rd. Robert W. Baird cut their price target on Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Finally, The Goldman Sachs Group cut Yelp from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.00.

Yelp Company 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.