Yelp Inc. (NYSE:YELP) Insider Carmen Amara Sells 12,854 Shares of Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 12,854 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the transaction, the insider now directly owns 88,813 shares of the company’s stock, valued at approximately $3,389,992.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Yelp Price Performance

Shares of YELP opened at $36.89 on Thursday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99. The company has a 50 day simple moving average of $34.50 and a two-hundred day simple moving average of $35.68. The firm has a market cap of $2.47 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.71 and a beta of 1.33.

Institutional Investors Weigh In On Yelp

A number of institutional investors have recently added to or reduced their stakes in YELP. Millennium Management LLC grew its holdings in shares of Yelp by 1,089.2% in the second quarter. Millennium Management LLC now owns 188,371 shares of the local business review company’s stock valued at $6,960,000 after purchasing an additional 172,531 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Yelp by 114.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock valued at $9,794,000 after purchasing an additional 148,917 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Yelp by 4.3% in the second quarter. Pacer Advisors Inc. now owns 2,695,536 shares of the local business review company’s stock valued at $99,600,000 after purchasing an additional 111,936 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of Yelp by 136.5% in the third quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock valued at $6,371,000 after purchasing an additional 104,839 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of Yelp by 159.4% in the second quarter. Edgestream Partners L.P. now owns 169,786 shares of the local business review company’s stock valued at $6,274,000 after purchasing an additional 104,330 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YELP has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a research report on Monday, October 14th. Bank of America assumed coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Yelp 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.