Yelp Inc. (NYSE:YELP) CFO Sells $348,000.00 in Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total transaction of $348,000.00. Following the completion of the sale, the chief financial officer now directly owns 242,916 shares in the company, valued at approximately $8,453,476.80. This trade represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Yelp Stock Performance

Shares of NYSE YELP opened at $34.07 on Friday. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The firm has a market cap of $2.24 billion, a P/E ratio of 17.74, a PEG ratio of 0.76 and a beta of 1.33. The stock has a fifty day moving average price of $38.84 and a two-hundred day moving average price of $36.62.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $361.95 million during the quarter, compared to analysts’ expectations of $350.73 million. On average, research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

YELP has been the topic of several analyst reports. Robert W. Baird dropped their price target 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 upgraded 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 report on Monday, November 11th. Finally, Morgan Stanley raised 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. Two research analysts have rated the stock with a sell rating, six have assigned 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, the stock presently has a consensus rating of “Hold” and an average price target of $37.17.

Hedge Funds Weigh In On Yelp

Several hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. lifted its stake in Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 263 shares during the last quarter. Allworth Financial LP lifted its position in shares of Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after acquiring an additional 288 shares during the last quarter. State of Wyoming lifted its position in shares of Yelp by 3.5% during the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company’s stock valued at $349,000 after acquiring an additional 307 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Yelp by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company’s stock worth $262,000 after acquiring an additional 341 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Yelp by 0.8% in the 4th quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company’s stock worth $2,349,000 after acquiring an additional 457 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

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.