Carmen Amara Sells 6,886 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 6,886 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $38.19, for a total transaction of $262,976.34. Following the completion of the transaction, the insider now directly owns 92,253 shares of the company's stock, valued at $3,523,142.07. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, May 23rd, Carmen Amara sold 2,300 shares of Yelp stock. The stock was sold at an average price of $37.63, for a total transaction of $86,549.00.
• 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 transaction 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 transaction of $49,740.00.

Yelp Stock Performance

Shares of YELP traded down $0.49 during mid-day trading on Friday, reaching $38.18. The company had a trading volume of 912,820 shares, compared to its average volume of 739,572. Yelp Inc. has a 1-year low of $32.29 and a 1-year high of $41.72. The company's 50 day simple moving average is $36.33 and its 200 day simple moving average is $37.35. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 0.76 and a beta of 0.99.

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

Institutional Investors Weigh In On Yelp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp grew its holdings in shares of Yelp by 8.3% during the fourth quarter. Northern Trust Corp now owns 752,742 shares of the local business review company's stock worth $29,131,000 after purchasing an additional 57,610 shares in the last quarter. Barclays PLC grew its holdings in shares of Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after purchasing an additional 124,561 shares in the last quarter. Bristlecone Advisors LLC purchased a new position in shares of Yelp during the fourth quarter worth about $1,197,000. Suncoast Equity Management purchased a new position in shares of Yelp during the fourth quarter worth about $721,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Yelp by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company's stock worth $14,176,000 after purchasing an additional 10,995 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on YELP. Morgan Stanley reduced their target price on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research 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 report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $34.00.

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.