Yelp (NYSE:YELP) Insider Carmen Amara Sells 1,000 Shares

Yelp Inc. insider Carmen Amara sold 1,000 shares at $30 each, totaling $30,000, reducing her stake by 1.30%. Director Christine Barone also sold 15,000 shares for $450,000, cutting her stake by 32.3%. Despite beating quarterly earnings expectations, analysts have mixed ratings on Yelp, with a consensus rating of "Reduce" and a target price of $32.20. The stock trades around $30 with a market cap of $1.85B and a P/E ratio of 13.3.

Key Points

Yelp director Christine Barone sold 15,000 shares on Dec. 3 at an average price of $30.00 for $450,000, cutting her stake by 32.3% to 31,435 shares (valued at about $943,050) as disclosed in an SEC filing.
Yelp recently beat quarterly expectations (EPS $0.61 vs. $0.47; revenue $376.0M vs. $368.4M), but analysts remain mixed with an average rating of "Reduce" and a $32.20 target while the stock trades around $30 with a $1.85B market cap and a P/E of ~13.3.

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,000 shares of the business's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the completion of the sale, the insider owned 75,878 shares in the company, valued at $2,276,340. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

On Tuesday, November 25th, Carmen Amara sold 500 shares of Yelp stock. The shares were sold at an average price of $28.82, for a total transaction of $14,410.00.
On Monday, October 27th, Carmen Amara sold 1,500 shares of Yelp stock. The shares were sold at an average price of $33.04, for a total transaction of $49,560.00.
On Thursday, September 25th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $31.37, for a total value of $47,055.00.

Yelp Price Performance

Shares of NYSE YELP opened at $30.11 on Thursday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 13.34, a PEG ratio of 0.60 and a beta of 0.56. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72. The business's 50 day moving average is $31.02 and its two-hundred day moving average is $33.01.

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Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 20.33% and a net margin of 10.23%.The firm had revenue of $376.04 million during the quarter, compared to analysts' expectations of $368.39 million. During the same quarter in the previous year, the business earned $0.56 EPS. The company's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Yelp from $45.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, November 10th. Weiss Ratings restated a "hold (c-)" rating on shares of Yelp in a research report on Tuesday, October 14th. Zacks Research lowered Yelp from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 27th. JPMorgan Chase & Co. decreased their target price on Yelp from $33.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, November 10th. Finally, Bank of America cut their price target on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $32.20.

Check Out Our Latest Research Report on YELP

Hedge Funds Weigh In On Yelp

Several institutional investors have recently made changes to their positions in YELP. LSV Asset Management raised its holdings in shares of Yelp by 14.8% in the third quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company's stock valued at $74,972,000 after acquiring an additional 309,173 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Yelp by 4.2% in the 2nd quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company's stock valued at $80,827,000 after purchasing an additional 95,933 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Yelp by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,070,236 shares of the local business review company's stock valued at $64,592,000 after purchasing an additional 88,860 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Yelp by 8.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company's stock valued at $61,656,000 after purchasing an additional 151,354 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Yelp by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company's stock valued at $51,458,000 after purchasing an additional 98,303 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

About Yelp

(Get Free Report)

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.