Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $34.45, for a total transaction of $34,450.00. Following the transaction, the insider now directly owns 222,512 shares in the company, valued at $7,665,538.40. The trade was a 0.45 % decrease in their ownership of the stock. The sale 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 Monday, March 24th, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $36.34, for a total transaction of $36,340.00.
- 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 transaction of $35,750.00.
- On Thursday, January 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $38.40, for a total value of $38,400.00.
Yelp Stock Up 2.8 %
Shares of Yelp stock opened at $34.47 on Thursday. Yelp Inc. has a 12-month low of $32.29 and a 12-month high of $41.72. The stock has a 50 day moving average price of $35.20 and a two-hundred day moving average price of $36.85. The stock has a market capitalization of $2.24 billion, a P/E ratio of 17.95, a PEG ratio of 0.76 and a beta of 1.08.
Yelp (NYSE:YELP - Get Free Report) last posted its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.09. The business had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Sell-side analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
YELP has been the subject of several research reports. Morgan Stanley reduced their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $36.33.
View Our Latest Analysis on Yelp
Hedge Funds Weigh In On Yelp
Several large investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. increased its position in Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after buying an additional 263 shares during the period. Allworth Financial LP grew its stake in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after acquiring an additional 288 shares during the last quarter. State of Wyoming increased its position in Yelp by 3.5% during the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after acquiring an additional 307 shares during the period. Summit Investment Advisors Inc. raised its stake in Yelp by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company's stock valued at $262,000 after purchasing an additional 341 shares during the last quarter. Finally, Martingale Asset Management L P boosted its holdings in Yelp by 0.8% in the 4th quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company's stock valued at $2,349,000 after purchasing an additional 457 shares during the period. Institutional investors and hedge funds own 90.11% of the company's stock.
About Yelp
(
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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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