Yelp Inc. (NYSE:YELP) CTO Sam Eaton Sells 461 Shares

Yelp Inc. (NYSE:YELP - Get Free Report) CTO Sam Eaton sold 461 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $37.02, for a total transaction of $17,066.22. Following the sale, the chief technology officer now directly owns 145,064 shares of the company's stock, valued at approximately $5,370,269.28. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sam Eaton also recently made the following trade(s):

• On Thursday, May 22nd, Sam Eaton sold 12,904 shares of Yelp stock. The shares were sold at an average price of $38.18, for a total transaction of $492,674.72.

Yelp Stock Up 0.3%

Shares of YELP traded up $0.13 during mid-day trading on Friday, hitting $36.93. 452,876 shares of the company's stock were exchanged, compared to its average volume of 741,304. Yelp Inc. has a 52 week low of $32.29 and a 52 week high of $41.72. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.02. The stock's 50-day simple moving average is $36.30 and its 200-day simple moving average is $37.37.

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 for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm had revenue of $358.53 million for the quarter, compared to the consensus estimate of $353.48 million. During the same quarter last year, the business posted $0.20 EPS. The company's revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yelp

Hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Yelp during the 1st quarter valued at approximately $56,000. Intech Investment Management LLC increased its position in shares of Yelp by 21.8% during the first quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company's stock worth $1,458,000 after buying an additional 7,053 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Yelp by 2.6% during the first 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 buying an additional 5,210 shares during the last quarter. Tenzing Global Management LLC acquired a new position in Yelp in the first quarter valued at $6,480,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Yelp during the first quarter valued at $1,355,000. 90.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

YELP has been the subject of several research 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. decreased their price target on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Two 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.