Craig Saldanha Sells 1,200 Shares of Yelp (NYSE:YELP) Stock

by · The Markets Daily

Yelp Inc. (NYSE:YELP – Get Free Report) insider Craig Saldanha sold 1,200 shares of Yelp stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $30.43, for a total value of $36,516.00. Following the completion of the sale, the insider directly owned 192,079 shares in the company, valued at $5,844,963.97. This represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Craig Saldanha also recently made the following trade(s):

  • On Monday, December 1st, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $28.62, for a total value of $34,344.00.
  • On Monday, November 3rd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $32.98, for a total value of $39,576.00.

Yelp Stock Performance

Yelp stock traded down $0.22 during midday trading on Friday, reaching $30.18. The stock had a trading volume of 1,214,730 shares, compared to its average volume of 847,303. The stock has a market capitalization of $1.86 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.63 and a beta of 0.56. The firm’s fifty day simple moving average is $30.25 and its 200-day simple moving average is $32.00. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72.

Yelp (NYSE:YELP – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The company had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. During the same period last year, the business earned $0.56 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI lowered their price target on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group lifted their target price on Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. The Goldman Sachs Group set a $33.00 target price on Yelp in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised Yelp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Yelp presently has an average rating of “Reduce” and an average price target of $32.17.

Check Out Our Latest Stock Report on Yelp

Institutional Trading of Yelp

Institutional investors and hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. raised its stake in Yelp by 268.1% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock valued at $25,811,000 after acquiring an additional 548,586 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Yelp by 17.7% in the second quarter. Russell Investments Group Ltd. now owns 295,562 shares of the local business review company’s stock valued at $10,148,000 after purchasing an additional 44,353 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Yelp by 4.2% in the second quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock valued at $80,827,000 after purchasing an additional 95,933 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Yelp by 23.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 683,935 shares of the local business review company’s stock worth $23,438,000 after buying an additional 128,138 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Yelp by 4.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 233,570 shares of the local business review company’s stock worth $8,004,000 after buying an additional 10,645 shares during the period. Institutional investors own 90.11% of the company’s stock.

Yelp Company Profile

(Get Free Report)

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.

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