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 that occurred on Monday, December 23rd. The stock was sold at an average price of $37.99, for a total value of $37,990.00. Following the completion of the transaction, the insider now directly owns 183,558 shares of the company’s stock, valued at $6,973,368.42. This represents a 0.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $38.05, for a total value of $38,050.00.

Yelp Stock Down 2.2 %

Shares of NYSE YELP opened at $38.83 on Friday. The firm has a market cap of $2.56 billion, a P/E ratio of 23.25, a PEG ratio of 0.71 and a beta of 1.35. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $47.57. The company has a 50 day moving average of $37.06 and a 200 day moving average of $35.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of YELP. Meeder Asset Management Inc. bought a new stake in Yelp in the 2nd quarter worth about $25,000. GAMMA Investing LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 524 shares during the last quarter. Exchange Traded Concepts LLC grew its stake 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 worth $40,000 after acquiring an additional 405 shares during the period. Signaturefd LLC raised its holdings 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 purchasing an additional 583 shares during the last quarter. Finally, Quarry LP lifted its position in Yelp by 153.4% during the second quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock valued at $49,000 after purchasing an additional 801 shares during the period. 90.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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