Yelp Inc. (NYSE:YELP) Insider Carmen Amara Sells 1,500 Shares

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,500 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the transaction, the insider now directly owns 107,207 shares of the company's stock, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yelp Price Performance

Shares of Yelp stock traded up $1.15 on Friday, hitting $35.11. 1,121,624 shares of the company's stock traded hands, compared to its average volume of 683,893. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The company has a fifty day moving average of $38.34 and a two-hundred day moving average of $36.63. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.

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

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on YELP shares. Morgan Stanley upped their price target on Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Robert W. Baird reduced 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. StockNews.com upgraded Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Evercore ISI upgraded Yelp to a "hold" rating in a research report on Monday, November 11th. Two equities 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $37.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in YELP. Ameriprise Financial Inc. boosted its holdings in Yelp by 375.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock worth $51,542,000 after acquiring an additional 1,051,588 shares in the last quarter. LSV Asset Management boosted its holdings in Yelp by 163.4% in the fourth quarter. LSV Asset Management now owns 853,867 shares of the local business review company's stock worth $33,045,000 after acquiring an additional 529,667 shares in 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 acquiring an additional 255,775 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Yelp by 70.7% in the fourth quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company's stock worth $23,283,000 after acquiring an additional 249,231 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Yelp by 87.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company's stock worth $19,659,000 after acquiring an additional 236,400 shares in the last quarter. 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.