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

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

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 value of $38,050.00.

Yelp Stock Performance

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

Institutional Investors Weigh In On Yelp

A number of institutional investors have recently added to or reduced their stakes in YELP. Franklin Resources Inc. grew its position in shares of Yelp by 1.3% in the third quarter. Franklin Resources Inc. now owns 125,492 shares of the local business review company’s stock valued at $4,323,000 after purchasing an additional 1,587 shares during the period. Sanctuary Advisors LLC raised its position in shares of Yelp by 11.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,648 shares of the local business review company’s stock worth $493,000 after purchasing an additional 1,427 shares during the last quarter. Geode Capital Management LLC lifted its stake in Yelp by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock valued at $61,724,000 after buying an additional 64,381 shares in the last quarter. Barclays PLC boosted its holdings in Yelp by 347.9% in the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after buying an additional 124,561 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Yelp in the 3rd quarter worth about $264,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

YELP has been the topic of a number of recent analyst reports. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Robert W. Baird reduced their target price 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 upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $38.00 in a report on Monday, October 14th. Finally, Bank of America began coverage on Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.00.

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.