Yelp Inc. (NYSE:YELP) CTO Sam Eaton Sells 10,744 Shares

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the transaction, the chief technology officer now directly owns 122,480 shares in the company, valued at $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sam Eaton also recently made the following trade(s):

• On Friday, August 23rd, Sam Eaton sold 10,776 shares of Yelp stock. The shares were sold at an average price of $35.00, for a total value of $377,160.00.

Yelp Stock Up 1.5 %

NYSE YELP opened at $36.12 on Friday. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99. The stock has a market cap of $2.38 billion, a P/E ratio of 21.63, a PEG ratio of 0.65 and a beta of 1.33. The company’s 50-day simple moving average is $34.78 and its 200 day simple moving average is $35.52.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Robert W. Baird decreased their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $38.00 in a report on Monday, October 14th. Finally, Bank of America started coverage on Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Yelp has an average rating of “Hold” and an average price target of $37.00.

Institutional Trading of Yelp

A number of large investors have recently bought and sold shares of YELP. ProShare Advisors LLC lifted its holdings in shares of Yelp by 7.3% during the first quarter. ProShare Advisors LLC now owns 13,467 shares of the local business review company’s stock valued at $531,000 after acquiring an additional 921 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Yelp by 13.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 39,065 shares of the local business review company’s stock valued at $1,539,000 after purchasing an additional 4,528 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Yelp by 9.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 56,072 shares of the local business review company’s stock valued at $2,224,000 after purchasing an additional 5,073 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Yelp in the first quarter valued at about $594,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Yelp by 7.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company’s stock worth $2,409,000 after buying an additional 4,306 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

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.