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

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

Yelp Stock Performance

Shares of Yelp stock traded down $0.49 during trading hours on Friday, reaching $38.18. The company's stock had a trading volume of 912,820 shares, compared to its average volume of 739,656. Yelp Inc. has a one year low of $32.29 and a one year high of $41.72. The company has a market capitalization of $2.44 billion, a P/E ratio of 19.89, a P/E/G ratio of 0.76 and a beta of 0.99. The stock's fifty day simple moving average is $36.33 and its two-hundred day simple moving average is $37.35.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The company 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 firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

YELP has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.00.

Institutional Trading of Yelp

A number of large investors have recently added to or reduced their stakes in YELP. Barclays PLC increased its stake in shares of 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 purchasing an additional 124,561 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Yelp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company's stock worth $157,000 after purchasing an additional 672 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Yelp by 4.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,083 shares of the local business review company's stock worth $700,000 after purchasing an additional 823 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after purchasing an additional 474 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Yelp by 22.5% in the fourth quarter. Blue Trust Inc. now owns 7,623 shares of the local business review company's stock worth $295,000 after purchasing an additional 1,402 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

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.