Yelp Inc. (NYSE:YELP) Insider Sells $38,400.00 in Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total value of $38,400.00. Following the completion of the sale, the insider now directly owns 182,558 shares of the company’s stock, valued at $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Craig Saldanha also recently made the following trade(s):

• On Monday, December 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00.
• On Friday, November 29th, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.05, for a total value of $38,050.00.

Yelp Trading Down 0.7 %

Yelp stock traded down $0.26 during mid-day trading on Friday, hitting $38.76. The stock had a trading volume of 461,625 shares, compared to its average volume of 612,410. The firm’s 50 day moving average is $38.68 and its 200 day moving average is $36.17. The firm has a market capitalization of $2.55 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.54 and a beta of 1.34. Yelp Inc. has a one year low of $32.56 and a one year high of $45.91.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 7th. The local business review company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.40 by $0.16. The firm had revenue of $360.34 million for the quarter, compared to the consensus estimate of $360.74 million. Yelp had a net margin of 8.48% and a return on equity of 16.02%. During the same quarter in the previous year, the firm earned $0.79 earnings per share. As a group, equities research analysts forecast that Yelp Inc. will post 1.8 earnings per share for the current year.

Institutional Investors Weigh In On Yelp

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after acquiring an additional 524 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Yelp by 54.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after purchasing an additional 405 shares during the last quarter. Signaturefd LLC boosted its holdings in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares during the last quarter. Fifth Third Bancorp raised its position in Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after acquiring an additional 474 shares in the last quarter. Finally, Quarry LP increased its holdings in Yelp by 153.4% in the second quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock valued at $49,000 after buying an additional 801 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Robert W. Baird dropped their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.00 to $38.00 in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.17.

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.