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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.75, for a total transaction of $35,750.00. Following the completion of the sale, the insider now directly owns 211,558 shares in the company, valued at $7,563,198.50. This represents a 0.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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.
• On Monday, December 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $37.99, for a total transaction of $37,990.00.
• On Friday, November 29th, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.05, for a total transaction of $38,050.00.

Yelp Stock Down 1.1 %

NYSE YELP opened at $35.31 on Tuesday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72. The business’s fifty day simple moving average is $39.11 and its 200-day simple moving average is $36.65. The firm has a market cap of $2.32 billion, a PE ratio of 18.39, a P/E/G ratio of 0.76 and a beta of 1.33.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Research analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on YELP shares. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lifted their target price 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. Finally, Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its holdings 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 buying an additional 288 shares during the period. Avion Wealth raised its holdings in Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after buying an additional 864 shares during the period. Fifth Third Bancorp raised its holdings in Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after buying an additional 474 shares during the period. Signaturefd LLC raised its holdings in Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after buying an additional 583 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in Yelp in the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

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.