Carmen Amara Sells 500 Shares of Yelp (NYSE:YELP) Stock

Key Points

• Yelp insider Carmen Amara sold 500 shares at an average price of $22.14, generating $11,070 under a pre-arranged Rule 10b5-1 plan. Amara continues to own 100,536 shares.
• Yelp shares recently traded near $22.20, well below their 50-day and 200-day moving averages of $25.00 and $24.48, respectively, and have ranged between $19.60 and $34.49 over the past year.
• Yelp exceeded quarterly expectations with $0.57 in adjusted earnings per share versus a $0.36 consensus estimate and revenue of $375.52 million. However, analysts maintain a consensus “Reduce” rating with a $27.57 target price.

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 500 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $22.14, for a total value of $11,070.00. Following the completion of the transaction, the insider directly owned 100,536 shares of the company's stock, valued at $2,225,867.04. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carmen Amara also recently made the following trade(s):

• On Friday, June 5th, Carmen Amara sold 1,000 shares of Yelp stock. The shares were sold at an average price of $24.00, for a total value of $24,000.00.

Yelp Stock Performance

Shares of NYSE:YELP traded down $0.22 during midday trading on Thursday, reaching $22.20. 1,104,160 shares of the company traded hands, compared to its average volume of 1,268,912. The firm's fifty day moving average price is $25.00 and its two-hundred day moving average price is $24.48. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 2.05 and a beta of 0.43. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. Yelp Inc. has a 12 month low of $19.60 and a 12 month high of $34.49.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. The business had revenue of $375.52 million during the quarter, compared to the consensus estimate of $366.89 million. Yelp had a return on equity of 19.52% and a net margin of 8.59%.The firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, equities analysts expect that Yelp Inc. will post 1.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on YELP. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Yelp in a research note on Friday, August 7th. Morgan Stanley lowered their target price on shares of Yelp from $28.00 to $24.00 and set an "underweight" rating on the stock in a research note on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Yelp from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Robert W. Baird set a $28.00 price target on shares of Yelp in a research report on Friday, May 8th. Finally, Zacks Research raised shares of Yelp from a "strong sell" rating to a "hold" rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $27.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Yelp by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company's stock valued at $66,402,000 after purchasing an additional 457,261 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Yelp by 11.6% in the 4th quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company's stock worth $81,513,000 after purchasing an additional 279,300 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Yelp by 8.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company's stock valued at $61,656,000 after purchasing an additional 151,354 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Yelp by 7.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company's stock valued at $51,458,000 after purchasing an additional 98,303 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Yelp by 1,679.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,407,914 shares of the local business review company's stock valued at $34,522,000 after buying an additional 1,328,772 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company's flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.

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