Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $45.38, for a total value of $589,940.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, September 26th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.20, for a total value of $548,600.00.
  • On Thursday, September 21st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.49, for a total value of $565,370.00.
  • On Wednesday, September 13th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.54, for a total value of $566,020.00.
  • On Tuesday, September 5th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.62, for a total value of $554,060.00.
  • On Friday, September 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.15, for a total value of $560,950.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.94, for a total value of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.74, for a total value of $542,620.00.
  • On Thursday, August 10th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.05, for a total value of $533,650.00.
  • On Friday, August 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total value of $520,000.00.

Yelp Inc. (YELP) opened at 46.73 on Friday. The company has a 50-day moving average price of $43.27 and a 200 day moving average price of $35.14. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 295.76 and a beta of 1.34. Yelp Inc. has a 12-month low of $26.93 and a 12-month high of $46.76.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The firm had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. During the same quarter in the previous year, the business posted $0.16 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Yelp Inc. will post $0.07 EPS for the current year.

Yelp announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the local business review company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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Several equities research analysts have recently issued reports on the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 price objective (up from $28.00) on shares of Yelp in a research note on Friday, August 4th. B. Riley reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of Yelp in a research note on Friday, August 4th. BidaskClub raised Yelp from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank Of Canada raised their price objective on Yelp from $27.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised Yelp from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.78.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Yelp by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock valued at $178,180,000 after purchasing an additional 231,754 shares in the last quarter. BlackRock Inc. raised its stake in shares of Yelp by 84.9% in the 2nd quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock valued at $157,084,000 after purchasing an additional 2,403,240 shares in the last quarter. Prescott General Partners LLC raised its stake in shares of 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 valued at $115,630,000 after purchasing an additional 676,251 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Yelp by 38.7% in the 2nd 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 purchasing an additional 868,890 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Yelp by 1,088.8% in the 1st quarter. Point72 Asset Management L.P. now owns 2,661,644 shares of the local business review company’s stock valued at $87,169,000 after purchasing an additional 2,437,744 shares in the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

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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