Insider Selling: Yelp Inc. (NYSE:YELP) CFO Sells 10,000 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.80, for a total value of $348,000.00. Following the completion of the sale, the chief financial officer now owns 242,916 shares of the company’s stock, valued at $8,453,476.80. This trade represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Yelp Trading Down 0.4 %

Yelp stock traded down $0.13 during trading hours on Thursday, reaching $34.07. 835,221 shares of the stock were exchanged, compared to its average volume of 690,045. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The company has a market cap of $2.24 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33. The stock has a 50 day moving average of $38.93 and a two-hundred day moving average of $36.64.

Yelp (NYSE:YELP) last announced 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 analyst estimates of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FMR LLC grew its position in Yelp by 13.7% during the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after acquiring an additional 78,585 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Yelp by 1.8% during the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after purchasing an additional 48,363 shares in the last quarter. Barclays PLC grew its holdings in shares of Yelp by 347.9% during 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 during the last quarter. FORA Capital LLC acquired a new position in shares of Yelp in the third quarter valued at approximately $732,000. Finally, Algert Global LLC raised its holdings in Yelp by 7.5% in the 3rd quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock valued at $7,159,000 after buying an additional 14,213 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on YELP shares. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research note on Monday, November 11th. Robert W. Baird decreased 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. Finally, Morgan Stanley raised their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Yelp currently has a consensus rating of “Hold” and an average target price of $37.17.

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.