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

Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $37.99, for a total value of $37,990.00. Following the sale, the insider now owns 183,558 shares of the company's stock, valued at approximately $6,973,368.42. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 29th, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00.

Yelp Stock Performance

Shares of NYSE:YELP traded down $0.87 during trading on Friday, hitting $38.83. 648,694 shares of the stock were exchanged, compared to its average volume of 728,902. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $47.57. The company's fifty day simple moving average is $36.97 and its 200-day simple moving average is $35.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YELP. Quest Partners LLC boosted its holdings in Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company's stock valued at $1,001,000 after purchasing an additional 15,451 shares in the last quarter. FMR LLC lifted its position in shares of Yelp by 13.7% during the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company's stock worth $22,944,000 after buying an additional 78,585 shares during the period. Pacer Advisors Inc. lifted its position in shares of Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company's stock worth $96,256,000 after buying an additional 48,363 shares during the period. Barclays PLC boosted its stake in Yelp by 347.9% in the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock valued at $5,627,000 after buying an additional 124,561 shares in the last quarter. Finally, Algert Global LLC grew its position in Yelp by 7.5% in the third quarter. Algert Global LLC now owns 204,077 shares of the local business review company's stock valued at $7,159,000 after acquiring an additional 14,213 shares during the period. 90.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on YELP. Bank of America assumed coverage on shares of Yelp in a report on Monday, September 16th. They issued an "underperform" rating and a $30.00 target price on the stock. StockNews.com upgraded Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. The Goldman Sachs Group downgraded Yelp from a "buy" rating to a "neutral" rating and decreased their target price for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Robert W. Baird dropped their price target on Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Finally, Evercore ISI upgraded Yelp to a "hold" rating in a report on Monday, November 11th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.00.

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.