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

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total value of $395,100.00. Following the completion of the transaction, the chief financial officer now owns 191,988 shares of the company's stock, valued at $7,585,445.88. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Yelp Stock Up 1.4 %

Shares of YELP traded up $0.56 during trading hours on Thursday, reaching $40.55. 1,021,713 shares of the company traded hands, compared to its average volume of 652,311. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $45.91. The company's fifty day moving average price is $38.31 and its two-hundred day moving average price is $36.01. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.34.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group lowered Yelp from a "buy" rating to a "neutral" rating and cut their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Morgan Stanley upped their price target on shares of Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a research report on Monday. 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. StockNews.com raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a report on Monday, November 11th. Finally, Evercore ISI upgraded shares of Yelp to a "hold" rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Yelp presently has a consensus rating of "Hold" and a consensus price target of $37.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in YELP. American Century Companies Inc. boosted its position in shares of Yelp by 6.1% during the second quarter. American Century Companies Inc. now owns 106,972 shares of the local business review company's stock valued at $3,953,000 after purchasing an additional 6,191 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Yelp by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company's stock valued at $62,587,000 after buying an additional 33,046 shares in the last quarter. Tredje AP fonden bought a new position in shares of Yelp in the 2nd quarter worth about $705,000. Vanguard Personalized Indexing Management LLC lifted its position in Yelp by 13.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,879 shares of the local business review company's stock valued at $254,000 after acquiring an additional 804 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Yelp by 4.3% during 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 acquiring an additional 111,936 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

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.

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