Yelp Inc. (NYSE:YELP) CFO Sells $382,000.00 in Stock

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $38.20, for a total transaction of $382,000.00. Following the completion of the transaction, the chief financial officer now owns 219,654 shares in the company, valued at $8,390,782.80. This trade represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Yelp Price Performance

Shares of Yelp stock traded down $0.49 during trading on Friday, reaching $38.18. 912,820 shares of the company traded hands, compared to its average volume of 738,440. The firm has a market capitalization of $2.44 billion, a PE ratio of 19.89, a P/E/G ratio of 0.76 and a beta of 0.99. Yelp Inc. has a 1-year low of $32.29 and a 1-year high of $41.72. The company has a 50 day moving average price of $36.32 and a 200-day moving average price of $37.35.

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

Institutional Investors Weigh In On Yelp

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in Yelp by 375.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock valued at $51,542,000 after purchasing an additional 1,051,588 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Yelp by 122.8% in the first quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company's stock valued at $70,443,000 after purchasing an additional 1,048,451 shares in the last quarter. Nuveen LLC bought a new position in shares of Yelp in the first quarter valued at approximately $13,811,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Yelp by 16.1% during the fourth 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 buying an additional 255,775 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Yelp by 70.7% during 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 buying an additional 249,231 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Yelp currently has a consensus rating of "Hold" and a consensus 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.