Yelp Inc. (NYSE:YELP) CTO Sam Eaton Sells 21,989 Shares

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 21,989 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.70, for a total value of $785,007.30. Following the completion of the transaction, the chief technology officer now directly owns 153,159 shares of the company’s stock, valued at approximately $5,467,776.30. The trade was a 12.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, December 2nd, Sam Eaton sold 267 shares of Yelp stock. The shares were sold at an average price of $38.06, for a total value of $10,162.02.

Yelp Stock Down 1.1 %

NYSE:YELP opened at $35.31 on Tuesday. The stock’s 50 day moving average price is $39.11 and its two-hundred day moving average price is $36.65. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. The firm had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. Equities research analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Institutional Trading of Yelp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its stake in Yelp by 1.8% in the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after buying an additional 48,363 shares during the period. State Street Corp grew its position in shares of Yelp by 0.9% in the third quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock valued at $89,567,000 after purchasing an additional 23,719 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Yelp by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company’s stock valued at $74,477,000 after purchasing an additional 164,149 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Yelp by 16.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company’s stock valued at $71,424,000 after purchasing an additional 255,775 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Yelp by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,774,878 shares of the local business review company’s stock valued at $68,702,000 after purchasing an additional 15,649 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on YELP shares. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley boosted their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Robert W. Baird cut their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.17.

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.