Yelp Inc. (NYSE:YELP) Insider Carmen Amara Sells 11,238 Shares

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 11,238 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $393,330.00. Following the completion of the sale, the insider now directly owns 108,123 shares of the company's stock, valued at $3,784,305. The trade was a 9.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 4th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00.

Yelp Trading Down 0.4 %

NYSE YELP traded down $0.14 during trading on Wednesday, reaching $35.01. 375,118 shares of the company's stock were exchanged, compared to its average volume of 684,473. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The company's fifty day simple moving average is $38.13 and its 200-day simple moving average is $36.67. The firm has a market capitalization of $2.28 billion, a PE ratio of 18.27, a P/E/G ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP - Get Free Report) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Equities analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Yelp by 1.8% during the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company's stock valued at $96,256,000 after acquiring an additional 48,363 shares in the last quarter. State Street Corp lifted its stake in shares of Yelp by 0.9% in the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company's stock valued at $89,567,000 after purchasing an additional 23,719 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Yelp by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock valued at $74,477,000 after purchasing an additional 164,149 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Yelp by 16.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company's stock worth $71,424,000 after purchasing an additional 255,775 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Yelp by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,774,878 shares of the local business review company's stock worth $68,702,000 after buying an additional 15,649 shares during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Morgan Stanley raised their price objective on Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.17.

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.