Carmen Amara Sells 2,300 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 2,300 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $37.63, for a total value of $86,549.00. Following the completion of the sale, the insider now directly owns 99,139 shares in the company, valued at approximately $3,730,600.57. This trade represents a 2.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, May 27th, Carmen Amara sold 6,886 shares of Yelp stock. The shares were sold at an average price of $38.19, for a total value of $262,976.34.
• On Friday, March 7th, Carmen Amara sold 11,238 shares of Yelp stock. The shares were sold at an average price of $35.00, for a total value of $393,330.00.
• On Tuesday, March 4th, Carmen Amara sold 1,500 shares of Yelp stock. The shares were sold at an average price of $33.16, for a total value of $49,740.00.

Yelp Stock Performance

NYSE:YELP traded down $0.49 during mid-day trading on Friday, hitting $38.18. The stock had a trading volume of 912,820 shares, compared to its average volume of 739,572. Yelp Inc. has a twelve month low of $32.29 and a twelve month high of $41.72. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.76 and a beta of 0.99. The company's 50 day simple moving average is $36.33 and its 200 day simple moving average is $37.35.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Yelp's revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. As a group, equities analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YELP. JPMorgan Chase & Co. decreased their price target on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $34.00.

Institutional Investors Weigh In On Yelp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new position in Yelp in the first quarter valued at approximately $56,000. Intech Investment Management LLC lifted its holdings in shares of Yelp by 21.8% during the first quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company's stock worth $1,458,000 after purchasing an additional 7,053 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Yelp by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company's stock worth $7,723,000 after purchasing an additional 5,210 shares during the period. Tenzing Global Management LLC acquired a new position in shares of Yelp during the first quarter worth $6,480,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Yelp in the first quarter valued at $1,355,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.