Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 11,238 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $393,330.00. Following the sale, the insider now owns 108,123 shares in the company, valued at approximately $3,784,305. The trade was a 9.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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 Stock Performance
YELP opened at $35.23 on Tuesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 0.76 and a beta of 1.40. The company has a fifty day moving average of $38.27 and a 200 day moving average of $36.66. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.09. The firm had revenue of $361.95 million during 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%. On average, equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.
Institutional Trading of Yelp
A number of large investors have recently added to or reduced their stakes in YELP. Allworth Financial LP lifted its holdings in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after acquiring an additional 288 shares during the last quarter. Avion Wealth lifted its stake in shares of Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after purchasing an additional 864 shares during the last quarter. Fifth Third Bancorp boosted its holdings 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 period. Asset Management One Co. Ltd. bought a new position in shares of Yelp during the 3rd quarter valued at approximately $54,000. Finally, McIlrath & Eck LLC purchased a new stake in Yelp during the 4th quarter valued at $63,000. Institutional investors own 90.11% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on YELP shares. Evercore ISI raised Yelp to a "hold" rating in a report on Monday, November 11th. Morgan Stanley upped their target price on shares of Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Finally, StockNews.com upgraded shares of Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.17.
Check Out Our Latest Stock Report on Yelp
Yelp Company Profile
(
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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.
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