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

by · The Cerbat Gem

Yelp Inc. (NYSE:YELP – Get Free Report) insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $30.69, for a total transaction of $46,035.00. Following the sale, the insider directly owned 74,378 shares in the company, valued at $2,282,660.82. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was 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 shares were sold at an average price of $33.04, for a total value of $49,560.00.

Yelp Stock Performance

Yelp stock opened at $30.38 on Thursday. The business’s fifty day moving average is $30.30 and its two-hundred day moving average is $32.01. The firm has a market cap of $1.87 billion, a P/E ratio of 13.44, 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 – Get Free Report) last issued 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. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The business had revenue of $376.04 million for the quarter, compared to the consensus estimate of $368.39 million. During the same quarter in the prior year, the company earned $0.56 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on YELP shares. Wall Street Zen raised Yelp from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. 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 note on Thursday, December 11th. JPMorgan Chase & Co. dropped their target price on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Evercore ISI decreased their price target on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Finally, The Goldman Sachs Group set a $33.00 price objective on Yelp in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $32.17.

Get Our Latest Stock Report on Yelp

Institutional Investors Weigh In On Yelp

Several large investors have recently bought and sold shares of YELP. Bfsg LLC boosted its position in shares of Yelp by 110.3% during the third quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after purchasing an additional 440 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Yelp during the second quarter worth about $28,000. CIBC Private Wealth Group LLC lifted its holdings in Yelp by 100.0% during the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock worth $28,000 after acquiring an additional 446 shares in the last quarter. MAI Capital Management grew its stake in Yelp by 1,102.0% in the second quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 1,102 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Yelp in the third quarter worth about $55,000. Institutional investors own 90.11% of the company’s stock.

About Yelp

(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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