David A. Schwarzbach Sells 10,000 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $35.68, for a total value of $356,800.00. Following the transaction, the chief financial officer now directly owns 209,654 shares of the company's stock, valued at approximately $7,480,454.72. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yelp Stock Up 0.6%

Shares of NYSE:YELP traded up $0.21 during midday trading on Monday, hitting $35.62. The stock had a trading volume of 965,365 shares, compared to its average volume of 752,649. The company has a market cap of $2.27 billion, a P/E ratio of 18.55, a PEG ratio of 0.76 and a beta of 1.02. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72. The business's 50-day simple moving average is $36.37 and its 200-day simple moving average is $37.37.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. As a group, equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

YELP has been the topic of a number of research reports. Wall Street Zen raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley reduced their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $34.00.

Institutional Investors Weigh In On Yelp

Hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in shares of Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after purchasing an additional 263 shares in the last quarter. Allworth Financial LP lifted its position in Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after purchasing an additional 288 shares during the period. State of Wyoming lifted its position in Yelp by 3.5% during the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after purchasing an additional 307 shares during the period. Summit Investment Advisors Inc. grew its stake in Yelp by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company's stock worth $262,000 after buying an additional 341 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in 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 valued at $2,349,000 after buying an additional 457 shares during the period. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.

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