Yelp Inc. (NYSE:YELP) insider Laurence Wilson sold 10,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $45.18, for a total value of $451,800.00. Following the completion of the sale, the insider now owns 187,739 shares of the company’s stock, valued at $8,482,048.02. The sale was disclosed in a filing with the SEC, which is available at this link.

Laurence Wilson also recently made the following trade(s):

  • On Monday, October 30th, Laurence Wilson sold 30,000 shares of Yelp stock. The shares were sold at an average price of $46.18, for a total value of $1,385,400.00.
  • On Monday, October 23rd, Laurence Wilson sold 17,871 shares of Yelp stock. The shares were sold at an average price of $44.03, for a total value of $786,860.13.
  • On Wednesday, October 25th, Laurence Wilson sold 25,000 shares of Yelp stock. The shares were sold at an average price of $44.08, for a total value of $1,102,000.00.
  • On Tuesday, August 22nd, Laurence Wilson sold 4,208 shares of Yelp stock. The shares were sold at an average price of $41.45, for a total value of $174,421.60.
  • On Tuesday, August 8th, Laurence Wilson sold 10,000 shares of Yelp stock. The shares were sold at an average price of $42.00, for a total value of $420,000.00.

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, topping the Zacks’ consensus estimate of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.26%. The company 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 business earned $0.22 earnings per share. Yelp’s quarterly revenue was up 19.4% on a year-over-year basis.

Yelp declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the local business review company to repurchase up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Yelp by 4.1% during the second quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock worth $178,180,000 after purchasing an additional 231,754 shares in the last quarter. BlackRock Inc. lifted its holdings in Yelp by 84.9% in the second quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock valued at $157,084,000 after buying an additional 2,403,240 shares during the period. Prescott General Partners LLC lifted its holdings in Yelp by 21.3% in the second quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock valued at $115,630,000 after buying an additional 676,251 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Yelp by 38.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,116,090 shares of the local business review company’s stock valued at $93,545,000 after buying an additional 868,890 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Yelp by 17.7% in the third quarter. Fisher Asset Management LLC now owns 2,893,867 shares of the local business review company’s stock valued at $125,304,000 after buying an additional 434,574 shares during the period. Institutional investors own 89.28% of the company’s stock.

YELP has been the subject of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and set a $26.00 target price (down from $28.00) on shares of Yelp in a research note on Thursday, July 20th. BidaskClub upgraded Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $42.00 target price on shares of Yelp in a research note on Wednesday, October 11th. Cantor Fitzgerald downgraded Yelp from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $46.73 to $44.00 in a research note on Monday, October 9th. Finally, KeyCorp restated a “buy” rating and set a $54.00 target price on shares of Yelp in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Yelp has a consensus rating of “Buy” and an average price target of $43.15.

About Yelp

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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