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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the transaction, the insider now directly owns 182,558 shares in the company, valued at $7,010,227.20. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value 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 %

Shares of NYSE:YELP traded down $0.26 during midday trading on Friday, hitting $38.76. The company had a trading volume of 461,625 shares, compared to its average volume of 612,410. The firm has a fifty day simple moving average of $38.68 and a 200 day simple moving average of $36.17. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 0.54 and a beta of 1.34. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $45.91.

Yelp (NYSE:YELP) last announced 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 business had revenue of $360.34 million during 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 posted $0.79 EPS. Equities analysts forecast that Yelp Inc. will post 1.8 EPS for the current fiscal year.

Analysts Set New Price Targets

YELP has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. 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 target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Finally, Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.17.

Hedge Funds Weigh In On Yelp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in shares of Yelp by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 106,972 shares of the local business review company’s stock valued at $3,953,000 after purchasing an additional 6,191 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Yelp by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock worth $62,587,000 after purchasing an additional 33,046 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Yelp by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,879 shares of the local business review company’s stock valued at $254,000 after purchasing an additional 804 shares in the last quarter. Sei Investments Co. lifted its position in shares of Yelp by 0.9% during the 2nd quarter. Sei Investments Co. now owns 221,288 shares of the local business review company’s stock worth $8,177,000 after buying an additional 1,889 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Yelp by 5.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 148,374 shares of the local business review company’s stock valued at $5,482,000 after purchasing an additional 8,016 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.