Yelp Inc. (NYSE:YELP) CTO Sells $10,162.02 in Stock

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 267 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $38.06, for a total transaction of $10,162.02. Following the completion of the transaction, the chief technology officer now owns 122,480 shares of the company’s stock, valued at approximately $4,661,588.80. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, November 21st, Sam Eaton sold 10,744 shares of Yelp stock. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28.

Yelp Stock Up 0.9 %

NYSE:YELP traded up $0.33 during trading hours on Monday, hitting $38.55. 946,987 shares of the company traded hands, compared to its average volume of 729,637. The company has a market cap of $2.54 billion, a PE ratio of 22.82, a PEG ratio of 0.68 and a beta of 1.35. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99. The firm’s 50-day simple moving average is $35.19 and its 200-day simple moving average is $35.42.

Institutional Investors Weigh In On Yelp

A number of hedge funds have recently made changes to their positions in YELP. DekaBank Deutsche Girozentrale raised its stake in shares of Yelp by 424.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,080 shares of the local business review company’s stock worth $661,000 after purchasing an additional 13,822 shares during the period. CWM LLC increased its holdings in Yelp by 24.7% in the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after acquiring an additional 377 shares during the last quarter. Blue Trust Inc. increased its holdings in Yelp by 148.0% in the 2nd quarter. Blue Trust Inc. now owns 2,921 shares of the local business review company’s stock worth $115,000 after acquiring an additional 1,743 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Yelp in the 2nd quarter worth about $266,000. Finally, Summit Global Investments increased its holdings in Yelp by 26.6% in the 2nd quarter. Summit Global Investments now owns 17,074 shares of the local business review company’s stock worth $631,000 after acquiring an additional 3,583 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on YELP. JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $38.00 in a research report on Monday, October 14th. Bank of America started coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 target price for the company. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Evercore ISI raised shares of 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 given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.