Yelp Inc. (NYSE:YELP – Get Rating) CTO Sam Eaton sold 5,547 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $35.81, for a total transaction of $198,638.07. Following the completion of the transaction, the chief technology officer now owns 197,251 shares in the company, valued at approximately $7,063,558.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Yelp Trading Up 0.2 %
NYSE YELP opened at $35.18 on Friday. The company has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $32.19. The company has a market cap of $2.50 billion, a P/E ratio of 55.84 and a beta of 1.54. Yelp Inc. has a 1 year low of $26.28 and a 1 year high of $41.28.
Yelp (NYSE:YELP – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The local business review company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10. The business had revenue of $298.90 million during the quarter, compared to the consensus estimate of $284.30 million. Yelp had a net margin of 4.32% and a return on equity of 6.50%. Yelp’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. Equities research analysts forecast that Yelp Inc. will post 0.63 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Institutional Trading of Yelp
Several large investors have recently modified their holdings of the company. Amundi bought a new stake in shares of Yelp during the 2nd quarter worth $518,000. Verition Fund Management LLC raised its stake in Yelp by 320.1% during the 2nd quarter. Verition Fund Management LLC now owns 18,051 shares of the local business review company’s stock valued at $501,000 after purchasing an additional 26,251 shares during the last quarter. Captrust Financial Advisors raised its stake in Yelp by 84.3% during the 2nd quarter. Captrust Financial Advisors now owns 7,434 shares of the local business review company’s stock valued at $206,000 after purchasing an additional 3,401 shares during the last quarter. Legal & General Group Plc raised its stake in Yelp by 79.8% during the 2nd quarter. Legal & General Group Plc now owns 203,044 shares of the local business review company’s stock valued at $5,639,000 after purchasing an additional 90,111 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Yelp by 34.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 391,422 shares of the local business review company’s stock valued at $10,870,000 after purchasing an additional 101,124 shares during the last quarter. 93.23% of the stock is owned by institutional investors.
Yelp Company Profile
Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.
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