Yelp Inc. (NYSE:YELP - Get Free Report) CTO Sam Eaton sold 267 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $38.06, for a total transaction of $10,162.02. Following the transaction, the chief technology officer now owns 122,480 shares in the company, valued at $4,661,588.80. The trade was a 0.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 value of $377,329.28.
Yelp Stock Performance
YELP stock opened at $38.55 on Tuesday. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99. The firm has a market cap of $2.54 billion, a PE ratio of 23.08, a P/E/G ratio of 0.68 and a beta of 1.35. The firm's fifty day moving average is $35.19 and its 200 day moving average is $35.42.
Hedge Funds Weigh In On Yelp
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A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp increased 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 buying an additional 481 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Yelp in the 2nd quarter valued at $25,000. GAMMA Investing LLC increased its holdings in Yelp by 115.9% in the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Exchange Traded Concepts LLC raised 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 worth $40,000 after acquiring an additional 405 shares during the period. Finally, Signaturefd LLC lifted its holdings in Yelp by 98.5% during 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 in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.
Wall Street Analyst Weigh In
YELP has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Yelp from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. Evercore ISI upgraded shares of Yelp to a "hold" rating in a research note 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. Finally, Bank of America started coverage on Yelp in a research report on Monday, September 16th. They set an "underperform" rating and a $30.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Yelp currently has a consensus rating of "Hold" and a consensus target price of $37.00.
Read Our Latest Research Report on Yelp
About Yelp
(
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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.
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