David A. Schwarzbach Sells 10,000 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $34.80, for a total transaction of $348,000.00. Following the completion of the sale, the chief financial officer now owns 242,916 shares in the company, valued at $8,453,476.80. This represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Yelp Stock Performance

Shares of YELP opened at $34.27 on Friday. The stock has a 50-day moving average of $38.77 and a two-hundred day moving average of $36.65. The stock has a market cap of $2.26 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.76 and a beta of 1.33. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72.

Yelp (NYSE:YELP) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

YELP has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Evercore ISI upgraded Yelp to a “hold” rating in a research note on Monday, November 11th. Finally, Robert W. Baird decreased their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Two 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.17.

Institutional Trading of Yelp

Large investors have recently made changes to their positions in the business. Creative Planning lifted its position in Yelp by 168.6% during the third quarter. Creative Planning now owns 19,131 shares of the local business review company’s stock valued at $671,000 after purchasing an additional 12,008 shares during the period. Signaturefd LLC raised its stake in shares of Yelp by 98.5% during the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after buying an additional 583 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Yelp by 9,073.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company’s stock valued at $84,000 after buying an additional 2,359 shares during the period. US Bancorp DE boosted its stake in shares of Yelp by 18.9% in the third quarter. US Bancorp DE now owns 19,546 shares of the local business review company’s stock worth $686,000 after buying an additional 3,101 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Yelp by 114.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock worth $9,794,000 after acquiring an additional 148,917 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.

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.