Yelp Inc. (NYSE:YELP) CFO Sells $395,100.00 in Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total transaction of $395,100.00. Following the sale, the chief financial officer now owns 191,988 shares of the company’s stock, valued at $7,585,445.88. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yelp Trading Up 0.3 %

NYSE YELP opened at $40.65 on Friday. The firm’s 50 day simple moving average is $38.49 and its 200 day simple moving average is $36.07. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 0.53 and a beta of 1.34. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $45.91.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Evercore ISI raised shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Robert W. Baird lowered their price target 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 downgraded shares of Yelp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $38.00 in a report on Monday, October 14th. Finally, Morgan Stanley raised their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.17.

Hedge Funds Weigh In On Yelp

Hedge funds and other institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC lifted its position in shares of Yelp by 54.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after buying an additional 405 shares during the last quarter. GAMMA Investing LLC raised its stake in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Yelp by 98.5% in the third 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. Nisa Investment Advisors LLC boosted its stake in shares of Yelp by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company’s stock valued at $157,000 after purchasing an additional 672 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Yelp by 153.4% during the 2nd quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock valued at $49,000 after purchasing an additional 801 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

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.