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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00. Following the completion of the sale, the insider now owns 184,558 shares of the company’s stock, valued at approximately $7,022,431.90. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Yelp Trading Up 0.9 %

Shares of NYSE:YELP opened at $38.55 on Tuesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 0.68 and a beta of 1.35. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $48.99. The business has a 50-day moving average price of $35.19 and a 200 day moving average price of $35.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of Yelp by 24.7% in the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after acquiring an additional 377 shares during the last quarter. Exchange Traded Concepts LLC raised its position in 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. Fifth Third Bancorp lifted its stake in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after purchasing an additional 481 shares in the last quarter. GAMMA Investing LLC lifted its stake in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after purchasing an additional 524 shares in the last quarter. Finally, Signaturefd LLC boosted its position 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 worth $41,000 after buying an additional 583 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on YELP. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Robert W. Baird dropped their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Evercore ISI raised Yelp to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus 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.