AlphaQuest LLC Has $829,000 Position in Yelp Inc. (NYSE:YELP)

AlphaQuest LLC reduced its position in shares of Yelp Inc. (NYSE:YELP) by 74.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after purchasing an additional 288 shares during the last quarter. Avion Wealth increased its stake in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after acquiring an additional 864 shares during the period. Fifth Third Bancorp increased its stake in Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after acquiring an additional 474 shares during the period. Asset Management One Co. Ltd. bought a new position in Yelp during the 3rd quarter worth $54,000. Finally, GAMMA Investing LLC increased its stake in Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock worth $66,000 after acquiring an additional 741 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley raised their price objective on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Finally, Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.17.

Yelp Trading Up 0.2 %

Shares of YELP opened at $35.23 on Tuesday. The company has a market capitalization of $2.32 billion, a PE ratio of 18.35, a PEG ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $41.72. The stock’s 50-day moving average price is $38.27 and its two-hundred day moving average price is $36.66.

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

Insiders Place Their Bets

In other news, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the transaction, the insider now directly owns 107,207 shares of the company’s stock, valued at $3,554,984.12. The trade was a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $34.80, for a total value of $348,000.00. Following the completion of the transaction, the chief financial officer now directly owns 242,916 shares in the company, valued at $8,453,476.80. This represents a 3.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,727 shares of company stock valued at $2,480,517. 7.40% of the stock is currently owned by company insiders.

About Yelp

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.