Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,500 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the transaction, the insider now owns 107,207 shares in the company, valued at $3,554,984.12. This represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE YELP traded up $0.04 on Wednesday, reaching $33.68. The stock had a trading volume of 820,118 shares, compared to its average volume of 683,532. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The business has a 50 day moving average price of $38.56 and a 200 day moving average price of $36.67.
Yelp (NYSE:YELP - Get Free Report) last posted its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Yelp by 13.7% in the third quarter. FMR LLC now owns 654,059 shares of the local business review company's stock worth $22,944,000 after purchasing an additional 78,585 shares during the period. Pacer Advisors Inc. raised its stake in shares of Yelp by 1.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company's stock valued at $96,256,000 after buying an additional 48,363 shares in the last quarter. Barclays PLC lifted its holdings in shares of Yelp by 347.9% during the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after acquiring an additional 124,561 shares during the period. FORA Capital LLC acquired a new stake in shares of Yelp during the 3rd quarter valued at about $732,000. Finally, Algert Global LLC increased its stake in Yelp by 7.5% in the third quarter. Algert Global LLC now owns 204,077 shares of the local business review company's stock valued at $7,159,000 after acquiring an additional 14,213 shares during the period. Institutional investors own 90.11% of the company's stock.
Several brokerages have weighed in on YELP. Morgan Stanley raised their price objective on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a report on Monday, November 11th. Evercore ISI raised Yelp to a "hold" rating in a research report on Monday, November 11th. Finally, Robert W. Baird decreased their price objective on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $37.17.
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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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