Yelp Inc. (NYSE:YELP) CTO Sells $785,007.30 in Stock

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 21,989 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the transaction, the chief technology officer now directly owns 153,159 shares of the company’s stock, valued at approximately $5,467,776.30. This represents a 12.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sam Eaton also recently made the following trade(s):

• On Monday, December 2nd, Sam Eaton sold 267 shares of Yelp stock. The stock was sold at an average price of $38.06, for a total transaction of $10,162.02.

Yelp Price Performance

Shares of Yelp stock opened at $34.11 on Thursday. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The business’s 50 day simple moving average is $38.93 and its two-hundred day simple moving average is $36.64. The stock has a market capitalization of $2.25 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of Yelp

A number of institutional investors have recently modified their holdings of YELP. Asset Management One Co. Ltd. increased its holdings in Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 263 shares during the period. Allworth Financial LP grew its position in shares of Yelp by 82.5% in 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. State of Wyoming grew its position in shares of Yelp by 3.5% in the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company’s stock worth $349,000 after buying an additional 307 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Yelp by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company’s stock valued at $262,000 after buying an additional 341 shares during the period. Finally, Martingale Asset Management L P raised its holdings in shares of Yelp by 0.8% during the fourth quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company’s stock valued at $2,349,000 after acquiring an additional 457 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Robert W. Baird decreased their price objective on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research 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 given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Yelp presently has an average rating of “Hold” and a consensus 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.