Yelp Inc (NYSE:YELP) insider Laurence Wilson sold 19,043 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $36.80, for a total transaction of $700,782.40. Following the sale, the insider now owns 160,082 shares of the company’s stock, valued at $5,891,017.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Yelp stock opened at $36.51 on Friday. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $34.47 and its two-hundred day simple moving average is $34.39. The company has a market cap of $2.56 billion, a P/E ratio of 81.13, a PEG ratio of 1.77 and a beta of 1.00. Yelp Inc has a 12-month low of $30.12 and a 12-month high of $40.99.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, November 7th. The local business review company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.05). The company had revenue of $262.47 million for the quarter, compared to analysts’ expectations of $262.55 million. Yelp had a net margin of 5.63% and a return on equity of 4.62%. Analysts predict that Yelp Inc will post 0.54 EPS for the current fiscal year.
A number of equities research analysts recently commented on YELP shares. SunTrust Banks set a $37.00 price target on shares of Yelp and gave the company a “hold” rating in a report on Sunday, November 3rd. Morgan Stanley lowered their price target on shares of Yelp from $32.00 to $31.00 and set an “underweight” rating for the company in a report on Tuesday, October 15th. Aegis reiterated a “buy” rating and set a $45.00 price target on shares of Yelp in a report on Wednesday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $35.00 price target on shares of Yelp in a report on Friday, November 8th. Finally, Wedbush set a $38.00 price target on shares of Yelp and gave the company a “hold” rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Yelp has an average rating of “Hold” and a consensus target price of $40.23.
A number of institutional investors have recently modified their holdings of the business. D. E. Shaw & Co. Inc. increased its position in Yelp by 44.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,407,793 shares of the local business review company’s stock valued at $116,479,000 after purchasing an additional 1,043,745 shares during the period. Soma Equity Partners LP increased its position in Yelp by 3.8% during the 2nd quarter. Soma Equity Partners LP now owns 2,075,000 shares of the local business review company’s stock valued at $70,924,000 after purchasing an additional 75,000 shares during the period. Millennium Management LLC increased its position in Yelp by 1,207.7% during the 3rd quarter. Millennium Management LLC now owns 1,010,059 shares of the local business review company’s stock valued at $35,099,000 after purchasing an additional 932,817 shares during the period. Tenzing Global Management LLC increased its position in Yelp by 60.5% during the 3rd quarter. Tenzing Global Management LLC now owns 762,500 shares of the local business review company’s stock valued at $26,497,000 after purchasing an additional 287,500 shares during the period. Finally, Man Group plc increased its position in Yelp by 17.1% during the 2nd quarter. Man Group plc now owns 506,133 shares of the local business review company’s stock valued at $17,299,000 after purchasing an additional 74,069 shares during the period. 88.69% of the stock is currently owned by institutional investors and hedge funds.
Yelp Company Profile
Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
