Insider Selling: 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 stock was sold at an average price of $38.06, for a total transaction of $10,162.02. Following the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,661,588.80. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

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

Yelp Price Performance

NYSE:YELP opened at $38.83 on Thursday. The firm’s fifty day moving average price is $35.44 and its 200 day moving average price is $35.46. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35.

Analyst Ratings Changes

A number of research firms have weighed in on YELP. Bank of America began coverage on shares of Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. Evercore ISI raised shares of Yelp to a “hold” rating in a report on Monday, November 11th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and cut their target price for the company from $46.00 to $38.00 in a report on Monday, October 14th. Finally, 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 report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $37.00.

Institutional Investors Weigh In On Yelp

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC raised its stake in shares of Yelp by 132.7% during the 2nd quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock worth $1,001,000 after buying an additional 15,451 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after buying an additional 48,363 shares during the last quarter. Algert Global LLC raised its stake in shares of Yelp by 7.5% during the 3rd quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock worth $7,159,000 after buying an additional 14,213 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Yelp during the 3rd quarter worth $732,000. Finally, Ceera Investments LLC raised its stake in shares of Yelp by 10.0% during the 3rd quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock worth $6,701,000 after buying an additional 17,420 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

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.