Carmen Amara Sells 11,238 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 11,238 shares of Yelp stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $35.00, for a total value of $393,330.00. Following the sale, the insider now directly owns 108,123 shares of the company’s stock, valued at approximately $3,784,305. This represents a 9.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 Trading Down 0.6 %

NYSE YELP opened at $34.93 on Thursday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.76 and a beta of 1.40. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The stock has a 50-day moving average of $38.13 and a 200 day moving average of $36.67.

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

Hedge Funds Weigh In On Yelp

A number of large investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its holdings in Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock worth $70,000 after purchasing an additional 263 shares during the period. Allworth Financial LP increased its stake in Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after buying an additional 288 shares in the last quarter. State of Wyoming increased its stake in Yelp by 3.5% during the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company’s stock worth $349,000 after buying an additional 307 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Yelp by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company’s stock worth $262,000 after buying an additional 341 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in Yelp by 0.8% during the 4th quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company’s stock worth $2,349,000 after buying an additional 457 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their price objective on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.17.

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.