Yelp (NYSE:YELP) Insider Carmen Amara Sells 1,500 Shares of Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $30.69, for a total value of $46,035.00. Following the sale, the insider owned 74,378 shares of the company’s stock, valued at approximately $2,282,660.82. This represents a 1.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, December 3rd, Carmen Amara sold 1,000 shares of Yelp stock. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00.
• On Tuesday, November 25th, Carmen Amara sold 500 shares of Yelp stock. The stock was sold at an average price of $28.82, for a total transaction of $14,410.00.
• On Monday, October 27th, Carmen Amara sold 1,500 shares of Yelp stock. The shares were sold at an average price of $33.04, for a total transaction of $49,560.00.

Yelp Stock Performance

Shares of NYSE YELP opened at $30.12 on Tuesday. The firm has a market cap of $1.85 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.63 and a beta of 0.56. Yelp Inc. has a 1 year low of $27.29 and a 1 year high of $41.72. The firm’s 50 day moving average price is $30.43 and its 200 day moving average price is $32.06.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 20.33% and a net margin of 10.23%.The company had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. During the same quarter in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Yelp Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on YELP shares. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research report on Tuesday, October 14th. Jefferies Financial Group lifted their price target on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, December 11th. Wall Street Zen upgraded Yelp from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Evercore ISI cut their target price on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Finally, Zacks Research downgraded Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $32.17.

Hedge Funds Weigh In On Yelp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jupiter Asset Management Ltd. increased its holdings in Yelp by 268.1% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock worth $25,811,000 after purchasing an additional 548,586 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Yelp by 17.7% in the second quarter. Russell Investments Group Ltd. now owns 295,562 shares of the local business review company’s stock worth $10,148,000 after buying an additional 44,353 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Yelp by 47.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 47,630 shares of the local business review company’s stock valued at $1,764,000 after acquiring an additional 15,230 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Yelp by 4.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock valued at $80,827,000 after acquiring an additional 95,933 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Yelp by 23.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 683,935 shares of the local business review company’s stock worth $23,438,000 after acquiring an additional 128,138 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

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.