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

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 12,854 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares in the company, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Yelp Stock Performance

Shares of NYSE:YELP opened at $36.43 on Friday. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $48.99. The business has a 50-day simple moving average of $34.54 and a two-hundred day simple moving average of $35.68. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Hedge Funds Weigh In On Yelp

A number of hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp grew its stake in shares of Yelp by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 59,927 shares of the local business review company’s stock valued at $2,361,000 after acquiring an additional 776 shares during the period. SG Americas Securities LLC raised its holdings in shares of Yelp by 207.2% during the 1st quarter. SG Americas Securities LLC now owns 12,804 shares of the local business review company’s stock worth $504,000 after acquiring an additional 8,636 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Yelp during the 1st quarter valued at $70,000. ProShare Advisors LLC raised its holdings in Yelp by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 13,467 shares of the local business review company’s stock valued at $531,000 after buying an additional 921 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Yelp by 13.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 39,065 shares of the local business review company’s stock valued at $1,539,000 after buying an additional 4,528 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

YELP has been the topic of several research analyst reports. Robert W. Baird decreased their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Morgan Stanley upped their target price on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. cut their target price on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Evercore ISI raised Yelp to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Yelp presently has an average rating of “Hold” and an average target price 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.