Yelp Inc. (NYSE:YELP) Insider Craig Saldanha Sells 1,000 Shares

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.75, for a total transaction of $35,750.00. Following the completion of the sale, the insider now owns 211,558 shares in the company, valued at approximately $7,563,198.50. This trade represents a 0.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 transaction 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 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 transaction of $38,050.00.

Yelp Price Performance

Yelp stock opened at $35.31 on Tuesday. The stock has a market cap of $2.32 billion, a PE ratio of 18.39, a P/E/G ratio of 0.76 and a beta of 1.33. The stock’s fifty day moving average is $39.11 and its two-hundred day moving average is $36.65. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $41.72.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. The business had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, research analysts expect 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 added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its position in shares of Yelp by 57.2% in the 4th quarter. Mackenzie Financial Corp now owns 97,963 shares of the local business review company’s stock valued at $3,791,000 after buying an additional 35,642 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Yelp in the fourth quarter valued at $236,000. McIlrath & Eck LLC acquired a new position in Yelp in the fourth quarter valued at $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Yelp by 32.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 203,341 shares of the local business review company’s stock worth $7,869,000 after purchasing an additional 49,988 shares during the last quarter. Finally, Vident Advisory LLC increased its position in shares of Yelp by 1.4% during the fourth quarter. Vident Advisory LLC now owns 95,286 shares of the local business review company’s stock worth $3,688,000 after purchasing an additional 1,297 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on YELP. Robert W. Baird cut their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.17.

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.