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 business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total value of $395,100.00. Following the completion of the sale, the chief financial officer now directly owns 191,988 shares in the company, valued at $7,585,445.88. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Yelp Stock Up 1.4 %

YELP traded up $0.56 during midday trading on Thursday, reaching $40.55. The company had a trading volume of 1,021,713 shares, compared to its average volume of 652,311. The business has a 50-day moving average of $38.31 and a two-hundred day moving average of $36.01. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $45.91. The company has a market cap of $2.67 billion, a P/E ratio of 24.28, a P/E/G ratio of 0.53 and a beta of 1.34.

Institutional Investors Weigh In On Yelp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellsworth Advisors LLC bought a new position in shares of Yelp in the fourth quarter worth approximately $4,279,000. Assenagon Asset Management S.A. boosted its holdings in Yelp by 87.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company’s stock worth $19,659,000 after buying an additional 236,400 shares during the period. Fiduciary Financial Group LLC purchased a new stake in Yelp in the 4th quarter worth $276,000. Mendota Financial Group LLC raised its holdings in Yelp by 93,166.7% during the fourth quarter. Mendota Financial Group LLC now owns 2,798 shares of the local business review company’s stock valued at $108,000 after acquiring an additional 2,795 shares during the period. Finally, Diversified Trust Co purchased a new position in shares of Yelp in the fourth quarter valued at about $205,000. Institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on YELP shares. The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Robert W. Baird dropped their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com raised shares of 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, Morgan Stanley boosted their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Yelp currently has an average rating of “Hold” and a consensus target price of $37.17.

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.