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 stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the chief financial officer now owns 201,988 shares in the company, valued at approximately $8,022,963.36. The trade was a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Yelp Stock Performance

NYSE:YELP opened at $38.08 on Friday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The firm has a 50-day moving average price of $36.55 and a two-hundred day moving average price of $35.67. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on YELP. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a report on Monday, November 11th. Bank of America started coverage on shares of Yelp in a report on Monday, September 16th. They issued an “underperform” rating and a $30.00 target price on the stock. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lowered their price objective 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 investment analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Yelp presently has a consensus rating of “Hold” and an average price target of $37.00.

Institutional Trading of Yelp

A number of hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in 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 purchasing an additional 377 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Yelp by 54.5% in 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. Fifth Third Bancorp grew its position in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after buying an additional 481 shares during the period. GAMMA Investing LLC increased its holdings 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 buying an additional 524 shares during the last quarter. Finally, Signaturefd LLC raised its position in 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 period. 90.11% of the stock is currently owned by 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.