Yelp Inc. (NYSE:YELP) CTO Sam Eaton Sells 267 Shares

Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 267 shares of the company’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 value of $10,162.02. Following the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at $4,661,588.80. This trade represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $377,329.28.

Yelp Stock Performance

Yelp stock opened at $38.32 on Wednesday. The stock has a fifty day moving average of $35.28 and a two-hundred day moving average of $35.42. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 0.69 and a beta of 1.35. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $48.99.

Analyst Upgrades and Downgrades

YELP has been the topic of several analyst reports. Robert W. Baird cut their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. dropped their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Bank of America assumed coverage on Yelp in a research report on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target on the stock. Finally, StockNews.com upgraded 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 issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.00.

Hedge Funds Weigh In On Yelp

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp grew its position in shares of Yelp by 262.8% in 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 during the period. Meeder Asset Management Inc. purchased a new stake in shares of Yelp in the second quarter valued at $25,000. GAMMA Investing LLC grew its position in shares of Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock valued at $34,000 after purchasing an additional 524 shares during the period. Exchange Traded Concepts LLC grew its position in shares of 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 purchasing an additional 405 shares during the period. Finally, Signaturefd LLC grew its position in shares of 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 purchasing an additional 583 shares during the period. Hedge funds and other 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.