Yelp Inc (NYSE:YELP) COO Joseph R. Nachman sold 10,500 shares of Yelp stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $49.77, for a total value of $522,585.00. Following the transaction, the chief operating officer now owns 119,935 shares in the company, valued at approximately $5,969,164.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Joseph R. Nachman also recently made the following trade(s):

  • On Thursday, July 26th, Joseph R. Nachman sold 10,500 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total value of $420,000.00.

Shares of Yelp stock opened at $49.51 on Thursday. Yelp Inc has a 52-week low of $36.42 and a 52-week high of $52.50. The company has a market capitalization of $4.13 billion, a P/E ratio of 707.29, a PEG ratio of 8.27 and a beta of 1.32.

Yelp (NYSE:YELP) last announced its earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.14. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The business had revenue of $234.90 million for the quarter, compared to analyst estimates of $232.26 million. During the same quarter last year, the firm earned $0.25 EPS. Yelp’s revenue for the quarter was up 11.9% compared to the same quarter last year. equities analysts expect that Yelp Inc will post 0.3 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Yelp by 28.7% in the 2nd quarter. BlackRock Inc. now owns 7,154,009 shares of the local business review company’s stock valued at $280,295,000 after buying an additional 1,597,355 shares during the last quarter. Fisher Asset Management LLC raised its position in Yelp by 5.5% in the 2nd quarter. Fisher Asset Management LLC now owns 3,012,391 shares of the local business review company’s stock valued at $118,025,000 after buying an additional 156,123 shares during the last quarter. Soma Equity Partners LP raised its position in Yelp by 5.4% in the 1st quarter. Soma Equity Partners LP now owns 2,200,000 shares of the local business review company’s stock valued at $91,850,000 after buying an additional 113,000 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Yelp by 15.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,096,725 shares of the local business review company’s stock valued at $82,149,000 after buying an additional 285,890 shares during the last quarter. Finally, First Manhattan Co. raised its position in Yelp by 8.8% in the 2nd quarter. First Manhattan Co. now owns 1,554,043 shares of the local business review company’s stock valued at $60,887,000 after buying an additional 126,090 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on YELP shares. KeyCorp cut Yelp from an “overweight” rating to a “sector weight” rating in a report on Wednesday, June 6th. Aegis cut Yelp from a “hold” rating to a “sell” rating and cut their price objective for the company from $45.00 to $34.00 in a report on Wednesday, June 13th. ValuEngine cut Yelp from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. SunTrust Banks set a $50.00 price objective on Yelp and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Stifel Nicolaus lifted their price objective on Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.83.

About Yelp

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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

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