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

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the transaction, the insider now directly owns 107,207 shares of the company’s stock, valued at approximately $3,554,984.12. This represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Yelp Stock Performance

Shares of YELP opened at $33.68 on Thursday. The firm has a 50 day moving average price of $38.56 and a 200-day moving average price of $36.67. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.76 and a beta of 1.33.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The company had revenue of $361.95 million during 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%. As a group, equities research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of Yelp

Several institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its position 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 purchasing an additional 48,363 shares during the last quarter. State Street Corp boosted its holdings in shares of Yelp by 0.9% in the third quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock worth $89,567,000 after buying an additional 23,719 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Yelp by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company’s stock worth $74,477,000 after buying an additional 164,149 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Yelp by 16.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company’s stock worth $71,424,000 after buying an additional 255,775 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Yelp by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,774,878 shares of the local business review company’s stock worth $68,702,000 after buying an additional 15,649 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YELP has been the subject of several recent analyst reports. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Robert W. Baird reduced their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Morgan Stanley boosted their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Finally, StockNews.com raised 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 issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.