Insider Selling: Yelp Inc (YELP) Director Sells $246,540.00 in Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $41.09, for a total transaction of $246,540.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at $394,053.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Yelp Inc (NYSE:YELP) opened at $42.43 on Friday. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The stock has a market cap of $3,516.98, a PE ratio of 192.86, a P/E/G ratio of 9.14 and a beta of 1.22.
Yelp (NYSE:YELP) last announced its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $220.75 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Yelp’s quarterly revenue was up 19.4% on a year-over-year basis. analysts anticipate that Yelp Inc will post 0.17 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in YELP. Strs Ohio purchased a new stake in shares of Yelp in the second quarter valued at about $108,000. Russell Investments Group Ltd. boosted its stake in Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after buying an additional 2,033 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after buying an additional 4,002 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in Yelp during the third quarter worth about $204,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Yelp during the second quarter worth about $205,000. 85.75% of the stock is owned by hedge funds and other institutional investors.
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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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