Yelp Inc. (NYSE:YELP) CFO Sells $343,100.00 in Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $34.31, for a total transaction of $343,100.00. Following the completion of the sale, the chief financial officer now directly owns 239,112 shares of the company’s stock, valued at $8,203,932.72. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Yelp Trading Down 1.1 %

Shares of NYSE YELP traded down $0.39 during midday trading on Monday, reaching $33.81. The company’s stock had a trading volume of 631,549 shares, compared to its average volume of 737,972. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. The company has a 50 day moving average price of $36.16 and a 200 day moving average price of $36.94.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to analysts’ expectations of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. Research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Yelp currently has an average rating of “Hold” and an average target price of $37.17.

Hedge Funds Weigh In On Yelp

A number of hedge funds and other institutional investors have recently modified their holdings of YELP. Allworth Financial LP boosted its holdings in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after buying an additional 288 shares during the period. Avion Wealth lifted its position in shares of Yelp by 1,963.6% in the 4th quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after acquiring an additional 864 shares in the last quarter. Fifth Third Bancorp grew its position in Yelp by 76.5% during the 4th 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. Farther Finance Advisors LLC raised its stake in Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 827 shares during the period. Finally, McIlrath & Eck LLC purchased a new stake in shares of Yelp in the fourth quarter valued at $63,000. 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.