Yelp Inc. (NYSE:YELP) Insider Sells $36,340.00 in Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $36.34, for a total transaction of $36,340.00. Following the completion of the transaction, the insider now owns 223,512 shares in the company, valued at approximately $8,122,426.08. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 24th, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $35.75, for a total value of $35,750.00.
• On Thursday, January 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.40, for a total value of $38,400.00.

Yelp Price Performance

Shares of NYSE YELP traded up $0.68 during mid-day trading on Tuesday, reaching $37.50. 1,299,649 shares of the company’s stock traded hands, compared to its average volume of 684,567. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $41.72. The stock has a market cap of $2.44 billion, a P/E ratio of 19.53, a PEG ratio of 0.76 and a beta of 1.40. The business has a 50-day simple moving average of $37.44 and a 200 day simple moving average of $36.72.

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 return on equity of 18.07% and a net margin of 9.41%. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. Equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price objective on shares of 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 issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.17.

Hedge Funds Weigh In On Yelp

Several large investors have recently bought and sold shares of YELP. Allworth Financial LP grew its stake in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth increased its stake in Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after buying an additional 864 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after buying an additional 474 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Yelp in the 4th quarter worth approximately $63,000. Finally, GAMMA Investing LLC grew its holdings in shares of Yelp by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after acquiring an additional 741 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

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.