Insider Selling: Yelp Inc. (NYSE:YELP) Insider Sells 1,000 Shares of Stock

Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, the insider now owns 223,512 shares in the company, valued at approximately $8,122,426.08. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 value of $35,750.00.
• On Thursday, January 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.40, for a total value of $38,400.00.

Yelp Price Performance

Shares of NYSE:YELP traded down $0.75 during trading on Friday, hitting $37.22. The company had a trading volume of 774,781 shares, compared to its average volume of 724,180. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. The company has a fifty day simple moving average of $37.26 and a two-hundred day simple moving average of $36.82. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72.

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Yelp (NYSE:YELP - Get Free Report) last issued its quarterly 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 return on equity of 18.07% and a net margin of 9.41%. The company had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. On average, equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted 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, five have assigned 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 company has an average rating of "Hold" and an average price target of $37.17.

Institutional Trading of Yelp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Yelp during the third quarter valued at approximately $267,000. Intech Investment Management LLC bought a new position in Yelp in the 3rd quarter valued at $745,000. Landscape Capital Management L.L.C. bought a new position in Yelp in the 3rd quarter valued at $336,000. Charles Schwab Investment Management Inc. increased its stake in Yelp by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company's stock worth $41,205,000 after purchasing an additional 56,618 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Yelp by 6.2% during the third quarter. Cerity Partners LLC now owns 239,640 shares of the local business review company's stock worth $8,407,000 after purchasing an additional 13,993 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

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.