Yelp Inc (YELP) Director Geoffrey L. Donaker Sells 2,000 Shares of Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $35.84, for a total value of $71,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Yelp stock traded up $1.07 during trading hours on Friday, hitting $36.91. The stock had a trading volume of 31,630 shares, compared to its average volume of 1,780,887. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 528.14, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. Yelp Inc has a 1-year low of $29.33 and a 1-year high of $52.50.
Yelp (NYSE:YELP) last posted its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. The company had revenue of $241.10 million for the quarter, compared to analyst estimates of $245.55 million. Yelp had a return on equity of 1.34% and a net margin of 18.04%. Yelp’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts anticipate that Yelp Inc will post 0.37 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of YELP. Dimensional Fund Advisors LP boosted its stake in Yelp by 647.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 647,466 shares of the local business review company’s stock worth $25,368,000 after buying an additional 560,847 shares during the last quarter. Verition Fund Management LLC bought a new stake in Yelp during the 2nd quarter valued at $564,000. Bank of New York Mellon Corp raised its stake in Yelp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 370,598 shares of the local business review company’s stock valued at $14,520,000 after acquiring an additional 37,729 shares in the last quarter. Northern Trust Corp raised its stake in Yelp by 2.7% during the 2nd quarter. Northern Trust Corp now owns 1,012,960 shares of the local business review company’s stock valued at $39,688,000 after acquiring an additional 26,439 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in Yelp by 3.5% during the 3rd quarter. Douglas Lane & Associates LLC now owns 662,026 shares of the local business review company’s stock valued at $32,572,000 after acquiring an additional 22,277 shares in the last quarter. 90.71% of the stock is currently owned by institutional investors.
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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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