Yelp Inc. (NYSE:YELP) Insider Sells $35,750.00 in Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.75, for a total value of $35,750.00. Following the sale, the insider now directly owns 211,558 shares of the company’s stock, valued at approximately $7,563,198.50. This represents a 0.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $38.40, for a total value of $38,400.00.
• 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 shares were sold at an average price of $38.05, for a total value of $38,050.00.

Yelp Trading Down 2.2 %

NYSE YELP opened at $34.56 on Wednesday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.76 and a beta of 1.33. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The stock has a 50-day moving average of $39.00 and a 200 day moving average of $36.65.

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

Hedge Funds Weigh In On Yelp

A number of hedge funds have recently made changes to their positions in YELP. Allworth Financial LP raised its holdings in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the last quarter. Avion Wealth raised its holdings in shares of Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after acquiring an additional 864 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Yelp during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on YELP. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Robert W. Baird decreased their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.