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

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 201,988 shares of the company's stock, valued at $8,022,963.36. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Yelp Stock Performance

Shares of YELP stock traded down $1.66 during trading hours on Wednesday, reaching $38.02. The company had a trading volume of 658,021 shares, compared to its average volume of 722,227. The company has a market capitalization of $2.50 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99. The stock's fifty day simple moving average is $36.47 and its 200 day simple moving average is $35.66.

Wall Street Analyst Weigh In

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

Institutional Trading of Yelp

Large investors have recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Yelp by 1.3% during the third quarter. Franklin Resources Inc. now owns 125,492 shares of the local business review company's stock worth $4,323,000 after buying an additional 1,587 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Yelp by 11.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,648 shares of the local business review company's stock valued at $493,000 after acquiring an additional 1,427 shares during the last quarter. Geode Capital Management LLC grew its holdings in Yelp by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company's stock worth $61,724,000 after acquiring an additional 64,381 shares in the last quarter. Barclays PLC increased its position in shares of Yelp by 347.9% in 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 during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Yelp in the 3rd quarter worth about $264,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.