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 firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $34.31, for a total value of $343,100.00. Following the completion of the sale, the chief financial officer now owns 239,112 shares in the company, valued at approximately $8,203,932.72. This represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Yelp Stock Down 1.5 %

Shares of NYSE:YELP traded down $0.49 during trading on Friday, reaching $33.06. The stock had a trading volume of 630,540 shares, compared to its average volume of 739,723. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The business has a fifty day moving average price of $35.54 and a 200-day moving average price of $36.88. The stock has a market cap of $2.15 billion, a P/E ratio of 17.22, a PEG ratio of 0.76 and a beta of 1.08.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. As a group, equities analysts forecast that Yelp Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered their target price on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.33.

Hedge Funds Weigh In On Yelp

Several institutional investors and hedge funds have recently bought and sold shares of YELP. Allworth Financial LP increased its holdings in shares of Yelp by 82.5% during the 4th 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 last quarter. Avion Wealth increased its stake in Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after acquiring an additional 864 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Yelp by 76.5% in 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 during the period. Farther Finance Advisors LLC lifted its stake in shares of Yelp by 307.4% in 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 in the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in shares of Yelp during the 4th quarter worth about $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.