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 company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value 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. This represents a 4.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yelp Price Performance

YELP opened at $38.08 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99. The company has a fifty day moving average price of $36.55 and a 200-day moving average price of $35.67.

Hedge Funds Weigh In On Yelp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its holdings 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 valued at $70,000 after acquiring an additional 377 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Yelp by 54.5% in the third 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 during the last quarter. Fifth Third Bancorp raised its stake in Yelp by 262.8% in the second 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 in the last quarter. GAMMA Investing LLC raised its stake in Yelp by 115.9% in the third 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 lifted its position in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 583 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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