Aigen Investment Management LP Sells 15,379 Shares of Yelp Inc. (NYSE:YELP)

Aigen Investment Management LP cut its holdings in Yelp Inc. (NYSE:YELP) by 56.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,839 shares of the local business review company’s stock after selling 15,379 shares during the quarter. Aigen Investment Management LP’s holdings in Yelp were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in shares of Yelp in the fourth quarter worth about $704,000. Victory Capital Management Inc. grew its stake in shares of Yelp by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 173,175 shares of the local business review company’s stock worth $6,702,000 after purchasing an additional 2,035 shares during the last quarter. Silver Coast Investments LLC bought a new stake in shares of Yelp in the fourth quarter worth about $210,000. Smartleaf Asset Management LLC grew its stake in shares of Yelp by 445.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company’s stock worth $80,000 after purchasing an additional 1,683 shares during the last quarter. Finally, Wakefield Asset Management LLLP bought a new stake in shares of Yelp in the fourth quarter worth about $1,051,000. 90.11% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the chief financial officer now directly owns 201,988 shares in the company, valued at $8,022,963.36. The trade was a 4.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 owns 107,207 shares of the company’s stock, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,489 shares of company stock worth $2,087,187. Insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on YELP. Morgan Stanley raised their price objective on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Robert W. Baird lowered their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.17.

Yelp Stock Performance

YELP stock opened at $35.11 on Friday. The firm has a 50 day moving average price of $38.34 and a 200-day moving average price of $36.63. 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 $2.31 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. As a group, sell-side analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

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.