Yelp Inc. (NYSE:YELP) Insider Craig Saldanha Sells 1,000 Shares

Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $34.34, for a total value of $34,340.00. Following the transaction, the insider now owns 213,720 shares in the company, valued at approximately $7,339,144.80. The trade was a 0.47% decrease in their position. 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 Friday, May 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $37.53, for a total transaction of $37,530.00.
• On Wednesday, April 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $34.45, for a total transaction of $34,450.00.

Yelp Stock Performance

Shares of YELP traded down $0.32 during midday trading on Monday, hitting $34.16. The company had a trading volume of 878,797 shares, compared to its average volume of 755,264. The firm has a market capitalization of $2.18 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.81 and a beta of 1.02. The company's 50-day simple moving average is $36.41 and its 200-day simple moving average is $37.25. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business's quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen cut Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $34.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of Yelp by 375.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock worth $51,542,000 after purchasing an additional 1,051,588 shares during the last quarter. LSV Asset Management boosted its position in Yelp by 122.8% during the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company's stock worth $70,443,000 after acquiring an additional 1,048,451 shares during the period. Nuveen LLC bought a new position in Yelp in the 1st quarter valued at about $13,811,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Yelp by 16.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company's stock valued at $71,424,000 after acquiring an additional 255,775 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Yelp by 70.7% in the 4th quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company's stock worth $23,283,000 after buying an additional 249,231 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

About Yelp

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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