Yelp (NYSE:YELP) CEO Jeremy Stoppelman Sells 30,000 Shares of Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 30,000 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $28.48, for a total value of $854,400.00. Following the transaction, the chief executive officer directly owned 756,458 shares in the company, valued at approximately $21,543,923.84. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, January 20th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.07, for a total value of $842,100.00.

Yelp Stock Performance

YELP opened at $28.05 on Wednesday. The company’s 50-day simple moving average is $29.71 and its two-hundred day simple moving average is $31.50. The stock has a market capitalization of $1.72 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.52 and a beta of 0.55. Yelp Inc. has a 52-week low of $27.29 and a 52-week high of $41.72.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.14. The firm had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. Research analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Yelp

Several hedge funds have recently modified their holdings of YELP. Bfsg LLC boosted its position in shares of Yelp by 110.3% during the third quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Yelp during the 2nd quarter valued at about $28,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Yelp by 100.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after purchasing an additional 446 shares during the last quarter. MAI Capital Management grew its position in shares of Yelp by 1,102.0% during the second quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Yelp in the third quarter worth about $55,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on YELP. JPMorgan Chase & Co. lowered their target price on Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. UBS Group set a $28.00 price target on shares of Yelp in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Yelp from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Evercore ISI cut their target price on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $31.29.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.