Yelp Inc. (NYSE:YELP) CFO Sells $397,200.00 in Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.72, for a total transaction of $397,200.00. Following the transaction, the chief financial officer now directly owns 201,988 shares in the company, valued at $8,022,963.36. The trade was a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yelp Price Performance

Shares of YELP stock opened at $38.02 on Thursday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 0.71 and a beta of 1.35. The company’s fifty day simple moving average is $36.47 and its two-hundred day simple moving average is $35.66. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $48.99.

Institutional Trading of Yelp

A number of institutional investors have recently added to or reduced their stakes in YELP. CWM LLC grew its holdings in Yelp by 24.7% during the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock valued at $70,000 after buying an additional 377 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 481 shares during the period. GAMMA Investing LLC grew its position in shares of Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after purchasing an additional 524 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after acquiring an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on YELP. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Robert W. Baird dropped their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group downgraded Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Finally, Bank of America initiated coverage on Yelp in a research report on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.00.

Yelp Company Profile

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.