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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total transaction of $38,400.00. Following the completion of the transaction, the insider now owns 182,558 shares in the company, valued at approximately $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 shares were sold at an average price of $38.05, for a total value of $38,050.00.

Yelp Trading Down 0.7 %

YELP stock opened at $38.76 on Friday. The firm’s 50-day moving average is $38.73 and its two-hundred day moving average is $36.18. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.54 and a beta of 1.34. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $45.91.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, November 7th. The local business review company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.16. The business had revenue of $360.34 million for the quarter, compared to analyst estimates of $360.74 million. Yelp had a net margin of 8.48% and a return on equity of 16.02%. During the same quarter last year, the business earned $0.79 earnings per share. On average, equities research analysts predict that Yelp Inc. will post 1.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

YELP has been the topic of a number of research reports. Morgan Stanley increased their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Robert W. Baird cut their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Yelp presently has a consensus rating of “Hold” and an average price target of $37.17.

Institutional Trading of Yelp

Several institutional investors have recently modified their holdings of YELP. GAMMA Investing LLC raised its position in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock worth $42,000 after purchasing an additional 474 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares in the last quarter. Signaturefd LLC lifted its stake in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares during the last quarter. Finally, Quarry LP boosted its holdings in Yelp by 153.4% during the second quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock worth $49,000 after buying an additional 801 shares in the last quarter. Institutional investors and hedge funds 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.