Yelp Sees Unusually High Options Volume (NYSE:YELP)

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Yelp Inc. (NYSE:YELP) was the target of some unusual options trading on Friday. Stock traders acquired 3,232 call options on the company. This represents an increase of approximately 212% compared to the typical volume of 1,037 call options.

In other Yelp news, CTO Sam Eaton sold 4,169 shares of the firm’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $36.65, for a total transaction of $152,793.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vivek Patel sold 6,090 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $36.12, for a total value of $219,970.80. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Ingalls & Snyder LLC raised its position in shares of Yelp by 3.7% during the third quarter. Ingalls & Snyder LLC now owns 125,150 shares of the local business review company’s stock worth $4,661,000 after acquiring an additional 4,498 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Yelp during the second quarter worth $239,000. AQR Capital Management LLC raised its position in shares of Yelp by 7.2% during the second quarter. AQR Capital Management LLC now owns 1,236,678 shares of the local business review company’s stock worth $49,418,000 after acquiring an additional 83,107 shares during the last quarter. Amalgamated Bank raised its position in shares of Yelp by 661.7% during the second quarter. Amalgamated Bank now owns 55,167 shares of the local business review company’s stock worth $2,204,000 after acquiring an additional 47,924 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Yelp during the second quarter worth $20,943,000. 88.51% of the stock is currently owned by institutional investors.

Shares of YELP stock opened at $35.93 on Friday. The stock’s fifty day simple moving average is $35.29 and its 200 day simple moving average is $36.91. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 76.45 and a beta of 1.76. Yelp has a one year low of $31.60 and a one year high of $43.86.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, February 10th. The local business review company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.16. The company had revenue of $273.40 million for the quarter, compared to analyst estimates of $272.10 million. Yelp had a return on equity of 4.60% and a net margin of 3.79%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, research analysts anticipate that Yelp will post 0.48 EPS for the current year.

A number of research analysts recently weighed in on YELP shares. Zacks Investment Research downgraded Yelp from a “strong-buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 13th. Credit Suisse Group dropped their price target on Yelp from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, November 5th. Barclays lifted their price target on Yelp from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, November 5th. Finally, JPMorgan Chase & Co. dropped their price target on Yelp from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.56.

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 local business 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.

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