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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $36.34, for a total transaction of $36,340.00. Following the sale, the insider now directly owns 223,512 shares of the company’s stock, valued at $8,122,426.08. The trade was a 0.45 % decrease in their position. 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 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 transaction 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 Stock Up 1.8 %

Shares of YELP stock traded up $0.68 on Tuesday, reaching $37.50. The company had a trading volume of 1,299,649 shares, compared to its average volume of 684,567. The business’s 50-day moving average is $37.44 and its 200 day moving average is $36.72. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The stock has a market capitalization of $2.44 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.

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, beating analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, sell-side analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yelp

Institutional investors and hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in shares of Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after purchasing an additional 263 shares during the last quarter. Allworth Financial LP lifted 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 worth $25,000 after purchasing an additional 288 shares during the period. State of Wyoming grew its stake in shares of Yelp by 3.5% in the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company’s stock worth $349,000 after purchasing an additional 307 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Yelp by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company’s stock worth $262,000 after purchasing an additional 341 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of Yelp by 0.8% in the fourth quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company’s stock valued at $2,349,000 after buying an additional 457 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, 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. Two research 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 company. According to MarketBeat, Yelp has a consensus rating of “Hold” and an average 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.