Yelp Inc. (NYSE:YELP) CTO Sam Eaton Sells 10,744 Shares

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 10,744 shares of Yelp stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the transaction, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 23rd, Sam Eaton sold 10,776 shares of Yelp stock. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00.

Yelp Stock Down 0.7 %

Shares of Yelp stock traded down $0.26 on Thursday, reaching $35.58. The company’s stock had a trading volume of 837,108 shares, compared to its average volume of 729,827. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 0.66 and a beta of 1.33. The firm’s fifty day simple moving average is $34.78 and its two-hundred day simple moving average is $35.52. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99.

Analyst Ratings Changes

Several research firms recently issued reports on YELP. The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. cut their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Bank of America initiated coverage on shares of Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 price objective for the company. Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Yelp presently has an average rating of “Hold” and an average target price of $37.00.

Institutional Investors Weigh In On Yelp

Large investors have recently bought and sold shares of the business. Quest Partners LLC grew its holdings in shares of Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock valued at $1,001,000 after buying an additional 15,451 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Yelp during the 1st quarter worth $594,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Yelp by 7.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company’s stock valued at $2,409,000 after purchasing an additional 4,306 shares during the period. Ceera Investments LLC grew its stake in shares of Yelp by 13.6% in the 2nd quarter. Ceera Investments LLC now owns 173,597 shares of the local business review company’s stock valued at $6,414,000 after purchasing an additional 20,780 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Yelp by 11.0% during the second quarter. Algert Global LLC now owns 189,864 shares of the local business review company’s stock worth $7,015,000 after purchasing an additional 18,786 shares in the last quarter. 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.