Yelp (NYSE:YELP) Insider Sells $46,035.00 in Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $30.69, for a total transaction of $46,035.00. Following the completion of the sale, the insider directly owned 74,378 shares of the company’s stock, valued at approximately $2,282,660.82. The trade was a 1.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, December 3rd, Carmen Amara sold 1,000 shares of Yelp stock. The shares were sold at an average price of $30.00, for a total value of $30,000.00.
• On Tuesday, November 25th, Carmen Amara sold 500 shares of Yelp stock. The stock was sold at an average price of $28.82, for a total value of $14,410.00.
• On Monday, October 27th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $33.04, for a total value of $49,560.00.

Yelp Trading Down 0.9%

YELP stock traded down $0.26 during mid-day trading on Monday, hitting $30.12. The stock had a trading volume of 769,712 shares, compared to its average volume of 848,433. The firm has a fifty day simple moving average of $30.48 and a 200 day simple moving average of $32.10. The firm has a market capitalization of $1.85 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.63 and a beta of 0.56. Yelp Inc. has a 52 week low of $27.29 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.14. The business had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. As a group, equities analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on YELP shares. Jefferies Financial Group increased their price objective on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Zacks Research cut Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. reduced their price objective on Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wall Street Zen upgraded Yelp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Evercore ISI cut their price target on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $32.17.

Hedge Funds Weigh In On Yelp

Several institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP acquired a new position in Yelp during the 3rd quarter worth approximately $55,000. CIBC Private Wealth Group LLC lifted its stake in shares of Yelp by 100.0% in the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after buying an additional 446 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Yelp during the third quarter worth about $206,000. Danske Bank A S bought a new position in Yelp in the 3rd quarter valued at about $609,000. Finally, Camelot Portfolios LLC raised its stake in shares of Yelp by 35.8% in the third quarter. Camelot Portfolios LLC now owns 10,740 shares of the local business review company’s stock worth $335,000 after purchasing an additional 2,829 shares during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.