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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.75, for a total value of $35,750.00. Following the completion of the sale, the insider now directly owns 211,558 shares of the company’s stock, valued at $7,563,198.50. The trade was a 0.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Craig Saldanha also recently made the following trade(s):

• On Thursday, January 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $38.40, for a total value of $38,400.00.
• On Monday, December 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $37.99, for a total value of $37,990.00.
• On Friday, November 29th, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $38.05, for a total value of $38,050.00.

Yelp Stock Down 2.2 %

YELP opened at $34.56 on Wednesday. The stock’s fifty day moving average is $39.00 and its two-hundred day moving average is $36.65. The company has a market capitalization of $2.27 billion, a P/E ratio of 18.00, a PEG ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. Equities analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird reduced their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Yelp has a consensus rating of “Hold” and a consensus target price of $37.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the period. Avion Wealth increased its holdings in shares of Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after acquiring an additional 864 shares during the period. Signaturefd LLC increased its holdings in shares of Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares during the period. Fifth Third Bancorp increased its holdings in shares of Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after acquiring an additional 474 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Yelp in the 3rd quarter valued at $54,000. 90.11% of the stock is currently 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.