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 business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $34.80, for a total value of $348,000.00. Following the completion of the transaction, the chief financial officer now owns 242,916 shares of the company’s stock, valued at $8,453,476.80. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Yelp Stock Down 0.4 %

Shares of NYSE:YELP traded down $0.13 during midday trading on Thursday, hitting $34.07. The stock had a trading volume of 835,221 shares, compared to its average volume of 690,045. The company 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. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $41.72. The business’s 50-day simple moving average is $38.93 and its 200-day simple moving average is $36.64.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on YELP shares. Robert W. Baird reduced their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley boosted their price objective on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.17.

Hedge Funds Weigh In On Yelp

A number of institutional investors have recently bought and sold shares of YELP. Ameriprise Financial Inc. lifted its position in shares of Yelp by 375.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company’s stock valued at $51,542,000 after buying an additional 1,051,588 shares during the last quarter. LSV Asset Management raised its stake in Yelp by 163.4% in the 4th quarter. LSV Asset Management now owns 853,867 shares of the local business review company’s stock valued at $33,045,000 after acquiring an additional 529,667 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Yelp by 16.1% during the 4th 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 last quarter. JPMorgan Chase & Co. raised its position in shares of Yelp by 70.7% in the fourth quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company’s stock valued at $23,283,000 after purchasing an additional 249,231 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Yelp by 87.0% during 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 last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

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.