Yelp Inc. (NYSE:YELP) CTO Sells $785,007.30 in Stock

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 21,989 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the transaction, the chief technology officer now owns 153,159 shares in the company, valued at approximately $5,467,776.30. This represents a 12.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

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

Yelp Stock Performance

Yelp stock opened at $34.56 on Wednesday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 18.00, a P/E/G ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The company’s fifty day moving average price is $39.00 and its 200 day moving average price is $36.65.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after acquiring an additional 48,363 shares during the last quarter. State Street Corp lifted its stake in Yelp by 0.9% during the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock worth $89,567,000 after acquiring an additional 23,719 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 period. Arrowstreet Capital Limited Partnership boosted its holdings in 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 period. Finally, Geode Capital Management LLC raised its holdings in shares of Yelp by 0.9% in the 4th 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 in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YELP has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Morgan Stanley lifted their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Evercore ISI raised shares of Yelp to a “hold” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued 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.com, the stock presently has an average rating of “Hold” and a consensus 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.