Sam Eaton Sells 267 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 267 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $38.06, for a total transaction of $10,162.02. Following the sale, the chief technology officer now owns 122,480 shares of the company’s stock, valued at approximately $4,661,588.80. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, November 21st, Sam Eaton sold 10,744 shares of Yelp stock. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28.

Yelp Stock Performance

YELP opened at $38.32 on Wednesday. The firm has a market cap of $2.52 billion, a P/E ratio of 22.95, a PEG ratio of 0.69 and a beta of 1.35. The firm has a 50-day moving average of $35.28 and a 200 day moving average of $35.42. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $48.99.

Hedge Funds Weigh In On Yelp

Large investors have recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after acquiring an additional 481 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Yelp in the second quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in shares of Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after buying an additional 524 shares in the last quarter. Exchange Traded Concepts LLC raised its position 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 purchasing an additional 405 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock worth $41,000 after purchasing an additional 583 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on YELP. JPMorgan Chase & Co. decreased their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Bank of America assumed coverage on Yelp in a research note on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. Evercore ISI upgraded Yelp to a “hold” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Yelp presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.