Yelp Inc (YELP) CEO Sells $547,820.00 in Stock

Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $42.14, for a total value of $547,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeremy Stoppelman also recently made the following trade(s):

  • On Tuesday, December 19th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.69, for a total value of $567,970.00.
  • On Thursday, December 14th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.32, for a total value of $550,160.00.
  • On Wednesday, December 6th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.61, for a total value of $553,930.00.
  • On Tuesday, November 28th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $47.49, for a total value of $617,370.00.
  • On Friday, November 24th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $47.59, for a total value of $618,670.00.
  • On Wednesday, November 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $45.40, for a total value of $590,200.00.
  • On Tuesday, November 7th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $45.58, for a total value of $592,540.00.
  • On Thursday, November 2nd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $46.59, for a total value of $605,670.00.
  • On Wednesday, October 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.94, for a total value of $571,220.00.
  • On Tuesday, October 17th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.50, for a total value of $565,500.00.

Shares of Yelp Inc (NYSE YELP) traded down $0.07 during midday trading on Thursday, reaching $42.23. The company’s stock had a trading volume of 472,939 shares, compared to its average volume of 2,397,113. Yelp Inc has a 52-week low of $26.93 and a 52-week high of $48.40. The firm has a market cap of $3,490.00, a price-to-earnings ratio of 183.61, a price-to-earnings-growth ratio of 9.03 and a beta of 1.22.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a return on equity of 3.52% and a net margin of 3.57%. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. sell-side analysts forecast that Yelp Inc will post 0.17 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on Yelp from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird upped their price objective on Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. upped their price objective on Yelp from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, December 18th. KeyCorp reiterated a “buy” rating and set a $54.00 price objective on shares of Yelp in a research note on Wednesday, October 4th. Finally, Credit Suisse Group upped their price objective on Yelp from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.49.

Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank lifted its position in shares of Yelp by 0.9% during the 2nd quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock valued at $300,000 after acquiring an additional 88 shares during the period. California State Teachers Retirement System lifted its position in shares of Yelp by 1.0% during the 2nd quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock valued at $4,131,000 after acquiring an additional 1,427 shares during the period. Menta Capital LLC lifted its position in shares of Yelp by 10.6% during the 2nd quarter. Menta Capital LLC now owns 19,900 shares of the local business review company’s stock valued at $597,000 after acquiring an additional 1,900 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after acquiring an additional 2,033 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Yelp by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 115,200 shares of the local business review company’s stock valued at $4,988,000 after acquiring an additional 2,300 shares during the period. 85.69% of the stock is currently owned by hedge funds and other institutional investors.

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Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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