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 on Monday, June 16th. The shares were sold at an average price of $35.68, for a total transaction of $356,800.00. Following the completion of the sale, the chief financial officer now owns 209,654 shares of the company's stock, valued at approximately $7,480,454.72. This represents a 4.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Yelp Stock Down 2.2%

YELP traded down $0.76 during trading hours on Thursday, hitting $34.65. 1,056,184 shares of the company's stock were exchanged, compared to its average volume of 755,979. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.83 and a beta of 1.02. Yelp Inc. has a 1-year low of $32.29 and a 1-year high of $41.72. The stock's 50-day moving average is $36.40 and its two-hundred day moving average is $37.32.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. During the same period last year, the business posted $0.20 EPS. Yelp's revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Institutional Investors Weigh In On Yelp

A number of hedge funds and other institutional investors have recently modified their holdings of YELP. Voya Investment Management LLC grew its stake in shares of Yelp by 9.4% in the first quarter. Voya Investment Management LLC now owns 165,798 shares of the local business review company's stock valued at $6,140,000 after acquiring an additional 14,246 shares in the last quarter. Strs Ohio bought a new stake in Yelp in the 1st quarter valued at about $56,000. Intech Investment Management LLC boosted its holdings in Yelp by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company's stock valued at $1,458,000 after purchasing an additional 7,053 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Yelp by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company's stock worth $7,723,000 after purchasing an additional 5,210 shares in the last quarter. Finally, Tenzing Global Management LLC bought a new position in shares of Yelp during the first quarter worth approximately $6,480,000. Institutional investors and hedge funds own 90.11% of the company's stock.

Analyst Ratings Changes

YELP has been the subject of a number of research reports. Wall Street Zen raised Yelp from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their target price 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Yelp presently has a consensus rating of "Hold" and an average price target of $34.00.

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.