Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $42.06, for a total value of $252,360.00. Following the completion of the sale, the director now owns 9,590 shares in the company, valued at $403,355.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Yelp Inc (YELP) opened at $43.17 on Friday. The stock has a market capitalization of $3,578.32, a price-to-earnings ratio of 196.23, a price-to-earnings-growth ratio of 3.92 and a beta of 1.22. Yelp Inc has a 52-week low of $26.93 and a 52-week high of $48.40.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.30. The business had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $220.75 million. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. equities analysts predict that Yelp Inc will post 0.17 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new stake in Yelp during the 2nd quarter valued at $108,000. Russell Investments Group Ltd. boosted its position in 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 in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Yelp by 28,585.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after acquiring an additional 4,002 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Yelp during the 3rd quarter valued at $204,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Yelp during the 2nd quarter valued at $205,000. 85.69% of the stock is currently owned by institutional investors and hedge funds.
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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