Carmen Amara Sells 1,500 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction 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 sale, the insider now owns 107,207 shares in the company, valued at $3,554,984.12. This represents a 1.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yelp Stock Performance

Shares of YELP stock opened at $33.95 on Friday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72. The stock has a market capitalization of $2.23 billion, a PE ratio of 17.68, a PEG ratio of 0.76 and a beta of 1.33. The stock’s fifty day moving average is $38.45 and its 200-day moving average is $36.64.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $350.73 million. As a group, analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of Yelp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after buying an additional 288 shares in the last quarter. Avion Wealth raised its holdings in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp lifted its position in Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the period. Asset Management One Co. Ltd. acquired a new position in Yelp during the 3rd quarter valued at about $54,000. Finally, McIlrath & Eck LLC bought a new position in shares of Yelp in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on YELP shares. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley boosted their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, Robert W. Baird reduced their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Yelp has a consensus rating of “Hold” and a consensus price target 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.