Yelp Inc. (NYSE:YELP) Insider Sells $37,990.00 in Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.99, for a total value of $37,990.00. Following the transaction, the insider now owns 183,558 shares of the company’s stock, valued at $6,973,368.42. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, November 29th, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00.

Yelp Price Performance

YELP stock opened at $38.83 on Monday. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $47.57. The firm’s 50-day moving average is $37.06 and its 200 day moving average is $35.77. The company has a market capitalization of $2.56 billion, a PE ratio of 23.25, a P/E/G ratio of 0.71 and a beta of 1.35.

Hedge Funds Weigh In On Yelp

A number of institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its holdings in shares of Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after purchasing an additional 405 shares during the period. GAMMA Investing LLC grew its position in shares of Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after buying an additional 524 shares in the last quarter. Signaturefd LLC increased its stake in shares of Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after buying an additional 583 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Yelp in the second quarter valued at about $25,000. Finally, Quarry LP lifted its stake in Yelp by 153.4% in the second quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock worth $49,000 after acquiring an additional 801 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $38.00 in a report on Monday, October 14th. Robert W. Baird lowered their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Evercore ISI upgraded Yelp to a “hold” rating in a research report on Monday, November 11th. Finally, Bank of America started coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.00.

Yelp Company Profile

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.