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

Yelp Inc. (NYSE:YELP) 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 transaction of $397,200.00. Following the transaction, the chief financial officer now directly owns 201,988 shares in the company, valued at approximately $8,022,963.36. The trade was a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Yelp Stock Performance

NYSE YELP opened at $38.30 on Friday. The stock has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $35.67. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99. The stock has a market capitalization of $2.52 billion, a PE ratio of 22.93, a P/E/G ratio of 0.71 and a beta of 1.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of YELP. Quest Partners LLC increased its position in Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock worth $1,001,000 after acquiring an additional 15,451 shares during the period. Pacer Advisors Inc. boosted its holdings in Yelp by 1.8% in the 3rd 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 during the period. FMR LLC grew its position in Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock worth $22,944,000 after purchasing an additional 78,585 shares during the last quarter. Algert Global LLC increased its holdings in shares of Yelp by 7.5% during the 3rd quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock worth $7,159,000 after purchasing an additional 14,213 shares during the period. Finally, Ceera Investments LLC raised its position in shares of Yelp by 10.0% during the third quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock valued at $6,701,000 after buying an additional 17,420 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.