Yelp Inc. (NYSE:YELP) Insider Craig Saldanha Sells 1,000 Shares

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the completion of the sale, the insider now owns 223,512 shares of the company’s stock, valued at $8,122,426.08. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 transaction of $38,400.00.

Yelp Stock Performance

YELP stock opened at $38.01 on Friday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 0.76 and a beta of 1.40. The stock’s fifty day moving average is $37.33 and its two-hundred day moving average is $36.77.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. The firm had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. As a group, analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley increased their price objective 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. Two analysts have rated the stock with a sell rating, five 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 currently has a consensus rating of “Hold” and an average target price of $37.17.

Hedge Funds Weigh In On Yelp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its position in Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the period. Avion Wealth grew its stake in shares of 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 purchasing an additional 864 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Yelp by 76.5% during the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 474 shares during the period. McIlrath & Eck LLC acquired a new position in shares of Yelp during the fourth quarter valued at $63,000. Finally, GAMMA Investing LLC raised its stake in shares of Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company’s stock valued at $66,000 after purchasing an additional 741 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.