Insider Selling: Yelp Inc (YELP) CEO Sells 13,000 Shares of Stock

Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.63, for a total transaction of $567,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, January 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.67, for a total transaction of $554,710.00.
  • On Wednesday, January 17th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.48, for a total transaction of $565,240.00.
  • On Tuesday, January 9th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.63, for a total transaction of $567,190.00.
  • On Thursday, January 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.23, for a total transaction of $561,990.00.
  • On Wednesday, December 27th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.14, for a total transaction of $547,820.00.
  • 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 transaction 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 transaction of $550,160.00.
  • On Wednesday, December 6th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.61, for a total transaction of $553,930.00.
  • On Tuesday, November 28th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $47.49, for a total transaction of $617,370.00.
  • On Friday, November 24th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $47.59, for a total transaction of $618,670.00.

Shares of Yelp Inc (NYSE:YELP) opened at $45.80 on Friday. Yelp Inc has a 52-week low of $26.93 and a 52-week high of $48.40. The company has a market capitalization of $3,632.20 and a P/E ratio of 208.19.

Yelp (NYSE:YELP) last released its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The business had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. analysts forecast that Yelp Inc will post 0.17 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in YELP. BlackRock Inc. boosted its position in Yelp by 84.9% in the 2nd quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock worth $157,084,000 after purchasing an additional 2,403,240 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in Yelp in the 2nd quarter worth approximately $66,044,000. Prescott General Partners LLC boosted its position in Yelp by 21.3% in the 2nd quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock worth $115,630,000 after purchasing an additional 676,251 shares in the last quarter. Northern Trust Corp boosted its position in Yelp by 171.3% in the 2nd quarter. Northern Trust Corp now owns 968,313 shares of the local business review company’s stock worth $29,069,000 after purchasing an additional 611,461 shares in the last quarter. Finally, State Street Corp boosted its position in Yelp by 64.2% in the 2nd quarter. State Street Corp now owns 1,477,939 shares of the local business review company’s stock worth $44,365,000 after purchasing an additional 577,743 shares in the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.

Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Yelp from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded shares of Yelp from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Robert W. Baird upped their price objective on shares of Yelp from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Credit Suisse Group upped their price objective on shares of Yelp from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $38.00 price objective on shares of Yelp in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the company. Yelp presently has an average rating of “Hold” and a consensus target price of $43.58.

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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.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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