Insider Selling: Yelp Inc. (NYSE:YELP) Insider Sells $36,340.00 in Stock

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

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

• On Monday, February 24th, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was 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 shares were sold at an average price of $38.40, for a total transaction of $38,400.00.

Yelp Trading Down 1.0 %

NYSE YELP opened at $38.01 on Friday. The stock has a market cap of $2.47 billion, a P/E ratio of 19.79, a PEG ratio of 0.76 and a beta of 1.40. The company’s fifty day simple moving average is $37.33 and its 200-day simple moving average is $36.77. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YELP. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Yelp during the 3rd quarter worth approximately $267,000. Intech Investment Management LLC bought a new stake in shares of Yelp in the third quarter worth $745,000. Landscape Capital Management L.L.C. acquired a new stake in Yelp in the third quarter valued at $336,000. Charles Schwab Investment Management Inc. boosted its stake in Yelp by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after acquiring an additional 56,618 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in Yelp by 6.2% during the 3rd quarter. Cerity Partners LLC now owns 239,640 shares of the local business review company’s stock worth $8,407,000 after acquiring an additional 13,993 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

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.