Yelp Inc. (NYSE:YELP) CFO Sells $346,800.00 in 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 Thursday, July 17th. The shares were sold at an average price of $34.68, for a total transaction of $346,800.00. Following the completion of the sale, the chief financial officer directly owned 199,654 shares in the company, valued at approximately $6,924,000.72. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Yelp Trading Up 0.2%

NYSE YELP traded up $0.06 on Thursday, hitting $34.65. 873,579 shares of the company were exchanged, compared to its average volume of 768,553. Yelp Inc. has a 12 month low of $32.29 and a 12 month high of $41.72. The company has a market cap of $2.21 billion, a PE ratio of 16.66, a PEG ratio of 0.81 and a beta of 0.98. The stock has a fifty day moving average of $36.43 and a 200-day moving average of $36.69.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The firm had revenue of $358.53 million for the quarter, compared to analyst estimates of $353.48 million. During the same period last year, the firm earned $0.20 earnings per share. The business's quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of Yelp by 307.4% in the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock valued at $42,000 after buying an additional 827 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Yelp during the first quarter worth about $52,000. Strs Ohio purchased a new stake in Yelp during the first quarter worth about $56,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Yelp during the first quarter worth about $62,000. Finally, McIlrath & Eck LLC purchased a new stake in Yelp during the fourth quarter worth about $63,000. 90.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on YELP. Morgan Stanley reduced their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, JPMorgan Chase & Co. cut their target price 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from 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.

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