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

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the chief financial officer now owns 201,988 shares of the company’s stock, valued at $8,022,963.36. The trade was a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Yelp Trading Down 4.2 %

Shares of Yelp stock opened at $38.02 on Thursday. The business has a 50-day moving average price of $36.47 and a two-hundred day moving average price of $35.66. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99. The company has a market cap of $2.50 billion, a P/E ratio of 22.77, a PEG ratio of 0.71 and a beta of 1.35.

Wall Street Analysts Forecast Growth

YELP has been the subject of a number of recent research reports. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $38.00 in a report on Monday, October 14th. Bank of America began coverage on Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective for the company. Robert W. Baird cut their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Evercore ISI raised shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.00.

Institutional Investors Weigh In On Yelp

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Yelp by 1,089.2% in the 2nd quarter. Millennium Management LLC now owns 188,371 shares of the local business review company’s stock valued at $6,960,000 after purchasing an additional 172,531 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Yelp by 114.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company’s stock valued at $9,794,000 after purchasing an additional 148,917 shares during the last quarter. Barclays PLC increased its holdings in Yelp by 347.9% during the 3rd 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. Pacer Advisors Inc. raised its stake in shares of Yelp by 4.3% in the second quarter. Pacer Advisors Inc. now owns 2,695,536 shares of the local business review company’s stock worth $99,600,000 after purchasing an additional 111,936 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of Yelp by 136.5% in the third quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company’s stock valued at $6,371,000 after purchasing an additional 104,839 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Company Profile

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.