Yelp Inc. (NYSE:YELP) CTO Sells $377,329.28 in Stock

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 owns 122,480 shares of the company’s stock, valued at $4,301,497.60. This represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

Yelp Stock Up 1.5 %

YELP stock opened at $36.13 on Friday. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The business has a 50-day simple moving average of $34.81 and a 200 day simple moving average of $35.45. The company has a market cap of $2.38 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.66 and a beta of 1.33.

Analyst Upgrades and Downgrades

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

Institutional Trading of Yelp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp raised its position in Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after purchasing an additional 481 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Yelp during the 2nd quarter worth $25,000. GAMMA Investing LLC lifted its position in shares of Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after buying an additional 524 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock valued at $40,000 after buying an additional 405 shares in the last quarter. Finally, Signaturefd LLC grew its position in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares during the last quarter. Institutional investors 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.