Yelp Inc. (NYSE:YELP) Insider Sells $393,330.00 in Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 11,238 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $393,330.00. Following the sale, the insider now owns 108,123 shares of the company’s stock, valued at approximately $3,784,305. This represents a 9.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Carmen Amara also recently made the following trade(s):

• On Tuesday, March 4th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $33.16, for a total value of $49,740.00.

Yelp Stock Up 0.2 %

NYSE:YELP traded up $0.08 during trading hours on Monday, hitting $35.23. 1,100,553 shares of the stock traded hands, compared to its average volume of 685,490. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The stock has a 50 day moving average price of $38.27 and a 200 day moving average price of $36.66.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to analysts’ expectations of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Equities analysts forecast that Yelp Inc. will post 2.22 earnings per share 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. FMR LLC raised its stake in Yelp by 13.7% during the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock valued at $22,944,000 after purchasing an additional 78,585 shares during the period. Pacer Advisors Inc. grew its holdings in Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after buying an additional 48,363 shares in the last quarter. Barclays PLC raised its position in shares of Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock valued at $5,627,000 after buying an additional 124,561 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Yelp in the third quarter worth $732,000. Finally, Algert Global LLC lifted its holdings in shares of Yelp by 7.5% in the third quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock worth $7,159,000 after buying an additional 14,213 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Analyst Ratings Changes

YELP has been the topic of a number of recent research reports. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Morgan Stanley boosted their target price on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Finally, StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average 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.