Yelp (NYSE:YELP) Insider Carmen Amara Sells 500 Shares

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $22.14, for a total transaction of $11,070.00. Following the transaction, the insider owned 100,536 shares of the company’s stock, valued at approximately $2,225,867.04. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carmen Amara also recently made the following trade(s):

• On Friday, June 5th, Carmen Amara sold 1,000 shares of Yelp stock. The stock was sold at an average price of $24.00, for a total transaction of $24,000.00.

Yelp Stock Down 1.0%

NYSE YELP opened at $22.20 on Friday. Yelp Inc. has a 12 month low of $19.60 and a 12 month high of $34.49. The company has a market capitalization of $1.20 billion, a P/E ratio of 10.62, a PEG ratio of 2.06 and a beta of 0.43. The company’s 50 day simple moving average is $24.98 and its 200 day simple moving average is $24.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 6th. The local business review company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $366.89 million. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. Equities research analysts expect that Yelp Inc. will post 1.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Zacks Research raised Yelp from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Robert W. Baird set a $28.00 price target on Yelp in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Yelp in a research report on Friday, August 7th. Finally, Evercore set a $30.00 target price on shares of Yelp in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Yelp has a consensus rating of “Reduce” and a consensus price target of $27.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in Yelp by 157.8% in the 1st quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company’s stock worth $9,352,000 after acquiring an additional 154,612 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock valued at $2,828,000 after acquiring an additional 506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Yelp by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company’s stock valued at $7,723,000 after purchasing an additional 5,210 shares during the period. Intech Investment Management LLC increased its holdings in shares of Yelp by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company’s stock valued at $1,458,000 after purchasing an additional 7,053 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Yelp in the first quarter worth approximately $56,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.