Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $46.98, for a total value of $610,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, August 22nd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $44.11, for a total value of $573,430.00.
  • On Tuesday, August 14th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $47.00, for a total value of $611,000.00.
  • On Thursday, August 9th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $44.00, for a total value of $572,000.00.
  • On Thursday, July 26th, 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.
  • On Thursday, July 19th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $40.40, for a total value of $525,200.00.
  • On Thursday, July 12th, 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.
  • On Thursday, July 5th, 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.
  • On Wednesday, June 20th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.15, for a total value of $547,950.00.
  • On Tuesday, June 12th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.08, for a total value of $547,040.00.
  • On Thursday, June 7th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.88, for a total value of $544,440.00.

YELP stock traded down $0.39 during midday trading on Tuesday, hitting $46.73. The stock had a trading volume of 1,150,300 shares, compared to its average volume of 1,747,161. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 661.57, a PEG ratio of 8.56 and a beta of 1.31. Yelp Inc has a 52-week low of $36.42 and a 52-week high of $51.33.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. The company had revenue of $234.90 million for the quarter, compared to analysts’ expectations of $232.26 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. equities research analysts predict that Yelp Inc will post 0.28 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Natixis purchased a new stake in Yelp in the first quarter worth $1,952,000. Spark Investment Management LLC bought a new stake in Yelp in the second quarter worth $2,139,000. Soma Equity Partners LP boosted its holdings in Yelp by 5.4% in the first quarter. Soma Equity Partners LP now owns 2,200,000 shares of the local business review company’s stock worth $91,850,000 after acquiring an additional 113,000 shares in the last quarter. Fine Capital Partners L.P. boosted its holdings in Yelp by 1.8% in the first quarter. Fine Capital Partners L.P. now owns 1,063,251 shares of the local business review company’s stock worth $44,391,000 after acquiring an additional 18,795 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Yelp by 203.0% in the second quarter. Canada Pension Plan Investment Board now owns 111,200 shares of the local business review company’s stock worth $4,357,000 after acquiring an additional 74,500 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on YELP shares. JPMorgan Chase & Co. boosted their target price on Yelp from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, May 11th. Aegis cut Yelp from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $45.00 in a research note on Friday, May 11th. Credit Suisse Group boosted their target price on Yelp from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 11th. B. Riley raised Yelp from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $58.00 in a research note on Friday, May 18th. Finally, Wedbush reissued a “neutral” rating on shares of Yelp in a research note on Wednesday, May 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. Yelp presently has an average rating of “Hold” and a consensus target price of $48.13.

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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