Insider Selling: Yelp Inc. (NYSE:YELP) CFO Sells 10,000 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Monday, April 14th. The shares were sold at an average price of $34.31, for a total value of $343,100.00. Following the completion of the transaction, the chief financial officer now owns 239,112 shares in the company, valued at $8,203,932.72. The trade was a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Yelp Trading Down 1.1 %

NYSE YELP traded down $0.39 during trading hours on Monday, reaching $33.81. 631,549 shares of the company traded hands, compared to its average volume of 737,972. The stock has a market capitalization of $2.20 billion, a PE ratio of 17.61, a PEG ratio of 0.76 and a beta of 1.08. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $41.72. The company has a 50 day moving average of $36.16 and a two-hundred day moving average of $36.94.

Yelp (NYSE:YELP) last announced its quarterly earnings data 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 firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. On average, equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of Yelp

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company’s stock worth $5,627,000 after acquiring an additional 124,561 shares during the last quarter. Bristlecone Advisors LLC bought a new position in Yelp during the 4th quarter worth $1,197,000. Principal Financial Group Inc. increased its position in Yelp by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company’s stock worth $14,176,000 after buying an additional 10,995 shares during the period. Suncoast Equity Management acquired a new position in shares of Yelp during the fourth quarter valued at $721,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Yelp by 332.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,195 shares of the local business review company’s stock worth $588,000 after acquiring an additional 11,678 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price target on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.17.

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.