Yelp Inc. (NYSE:YELP) Director Dan Jedda Sells 2,794 Shares

Yelp Inc. (NYSE:YELP) Director Dan Jedda sold 2,794 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $35.68, for a total value of $99,689.92. Following the transaction, the director now owns 18,564 shares of the company’s stock, valued at approximately $662,363.52. This represents a 13.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yelp Trading Down 2.2%

YELP opened at $34.65 on Thursday. The stock has a fifty day simple moving average of $36.40 and a two-hundred day simple moving average of $37.32. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 0.83 and a beta of 1.02. Yelp Inc. has a 12-month low of $32.29 and a 12-month high of $41.72.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. Yelp had a return on equity of 19.42% and a net margin of 9.95%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, analysts predict that Yelp Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On Yelp

A number of institutional investors have recently added to or reduced their stakes in YELP. Allworth Financial LP grew its stake in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after acquiring an additional 288 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Yelp by 307.4% in the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock worth $42,000 after acquiring an additional 827 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Yelp in the first quarter worth $52,000. Strs Ohio purchased a new stake in shares of Yelp in the first quarter worth $56,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Yelp in the fourth quarter worth $63,000. Institutional investors own 90.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley decreased their target price on Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.