David A. Schwarzbach Sells 2,750 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the transaction, the chief financial officer now owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yelp Price Performance

Yelp stock opened at $39.29 on Friday. The stock has a fifty day moving average price of $39.13 and a two-hundred day moving average price of $42.57. Yelp Inc. has a 52-week low of $26.53 and a 52-week high of $48.99. The firm has a market capitalization of $2.68 billion, a P/E ratio of 29.10 and a beta of 1.49.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The firm had revenue of $342.38 million during the quarter, compared to analyst estimates of $341.83 million. During the same period in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities research analysts predict that Yelp Inc. will post 1.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Raymond James assumed coverage on Yelp in a research note on Wednesday, March 27th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Yelp by 6.7% during the third quarter. Vanguard Group Inc. now owns 9,253,025 shares of the local business review company’s stock worth $313,770,000 after acquiring an additional 577,514 shares in the last quarter. State Street Corp grew its holdings in shares of Yelp by 4.9% during the third quarter. State Street Corp now owns 2,642,699 shares of the local business review company’s stock worth $89,614,000 after purchasing an additional 123,355 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Yelp by 18.2% during the third quarter. Acadian Asset Management LLC now owns 2,496,166 shares of the local business review company’s stock worth $103,789,000 after purchasing an additional 384,566 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Yelp by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,066,180 shares of the local business review company’s stock worth $63,430,000 after purchasing an additional 107,348 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Yelp by 2.1% during the first quarter. Macquarie Group Ltd. now owns 1,898,630 shares of the local business review company’s stock worth $58,288,000 after purchasing an additional 39,433 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.