Yelp Inc. (NYSE:YELP) Shares Acquired by Algert Global LLC

Algert Global LLC raised its stake in shares of Yelp Inc. (NYSE:YELP) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,077 shares of the local business review company’s stock after purchasing an additional 14,213 shares during the quarter. Algert Global LLC owned about 0.31% of Yelp worth $7,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Cerity Partners LLC increased its stake in Yelp by 6.2% during the 3rd quarter. Cerity Partners LLC now owns 239,640 shares of the local business review company’s stock valued at $8,407,000 after purchasing an additional 13,993 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Yelp by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after purchasing an additional 56,618 shares in the last quarter. Pacer Advisors Inc. increased its stake in Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after purchasing an additional 48,363 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Yelp during the 3rd quarter valued at approximately $336,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Yelp in the 3rd quarter valued at $745,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on YELP. The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $38.00 in a report on Monday, October 14th. Robert W. Baird dropped their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Evercore ISI raised shares of Yelp to a “hold” rating in a report on Monday, November 11th. Finally, Bank of America began coverage on shares of Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.00.

Yelp Stock Performance

Shares of NYSE YELP opened at $36.13 on Friday. The company’s fifty day moving average price is $34.81 and its 200 day moving average price is $35.45. 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 $2.38 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.66 and a beta of 1.33.

Insider Buying and Selling

In other Yelp news, insider Carmen Amara sold 12,854 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total transaction of $490,637.18. Following the transaction, the insider now directly owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the transaction, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,598 shares of company stock valued at $1,106,106. Corporate insiders own 7.40% of the company’s stock.

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.