Yelp Inc. (NYSE:YELP) Insider Sells $262,976.34 in Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 6,886 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $38.19, for a total transaction of $262,976.34. Following the completion of the transaction, the insider now owns 92,253 shares of the company’s stock, valued at $3,523,142.07. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, May 23rd, Carmen Amara sold 2,300 shares of Yelp stock. The stock was sold at an average price of $37.63, for a total transaction of $86,549.00.
• On Friday, March 7th, Carmen Amara sold 11,238 shares of Yelp stock. The stock was sold at an average price of $35.00, for a total transaction of $393,330.00.
• 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 transaction of $49,740.00.

Yelp Trading Up 2.8%

Shares of NYSE:YELP opened at $38.44 on Wednesday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. The company has a 50-day moving average price of $36.22 and a 200-day moving average price of $37.33. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The firm had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. As a group, research analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Yelp

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its stake in Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after buying an additional 288 shares in the last quarter. Avion Wealth raised its stake in Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock worth $35,000 after buying an additional 864 shares in the last quarter. Fifth Third Bancorp raised its stake in Yelp by 76.5% in the fourth 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. Farther Finance Advisors LLC raised its stake in Yelp by 307.4% in the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock worth $42,000 after buying an additional 827 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Yelp in the first quarter worth about $52,000. 90.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on YELP. Morgan Stanley lowered their price target on shares of Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.00.

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.