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

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the transaction, the chief technology officer now owns 122,480 shares in the company, valued at $4,301,497.60. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $35.00, for a total transaction of $377,160.00.

Yelp Stock Performance

YELP opened at $36.12 on Friday. The company has a market capitalization of $2.38 billion, a P/E ratio of 21.63, a PEG ratio of 0.65 and a beta of 1.33. The company has a 50-day moving average of $34.78 and a 200-day moving average of $35.52. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99.

Institutional Trading of Yelp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its stake in shares of Yelp by 24.7% in the second quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after purchasing an additional 377 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Yelp by 54.5% during 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 purchasing an additional 405 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after acquiring an additional 481 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 valued at $34,000 after buying an additional 524 shares during 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 worth $41,000 after acquiring an additional 583 shares in the last quarter. 90.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Robert W. Baird lowered their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Finally, Bank of America started coverage on shares of Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.00.

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.