Yelp Inc. (NYSE:YELP) CFO Sells $382,900.00 in Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.29, for a total transaction of $382,900.00. Following the transaction, the chief financial officer now owns 211,988 shares of the company’s stock, valued at $8,117,020.52. This trade represents a 4.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Yelp Price Performance

NYSE YELP traded up $0.33 during trading on Monday, reaching $38.55. 946,987 shares of the company’s stock traded hands, compared to its average volume of 729,637. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. The company’s 50 day simple moving average is $35.19 and its two-hundred day simple moving average is $35.42. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $48.99.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on YELP. Evercore ISI upgraded shares of Yelp to a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $38.00 in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, Bank of America began coverage on shares of Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of YELP. DekaBank Deutsche Girozentrale grew its position in shares of Yelp by 424.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,080 shares of the local business review company’s stock worth $661,000 after buying an additional 13,822 shares during the last quarter. CWM LLC grew its position in shares of Yelp by 24.7% in the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after buying an additional 377 shares during the last quarter. Blue Trust Inc. boosted its stake in Yelp by 148.0% in the 2nd quarter. Blue Trust Inc. now owns 2,921 shares of the local business review company’s stock worth $115,000 after purchasing an additional 1,743 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Yelp in the 2nd quarter worth approximately $266,000. Finally, Summit Global Investments boosted its stake in Yelp by 26.6% in the 2nd quarter. Summit Global Investments now owns 17,074 shares of the local business review company’s stock worth $631,000 after purchasing an additional 3,583 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

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.