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

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 30,000 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $28.07, for a total transaction of $842,100.00. Following the transaction, the chief executive officer owned 756,458 shares in the company, valued at approximately $21,233,776.06. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 16th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $28.48, for a total transaction of $854,400.00.

Yelp Stock Down 0.3%

YELP stock opened at $28.05 on Wednesday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.52 and a beta of 0.55. The business has a fifty day simple moving average of $29.71 and a 200-day simple moving average of $31.50. Yelp Inc. has a 52 week low of $27.29 and a 52 week high of $41.72.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The firm had revenue of $376.04 million for the quarter, compared to analysts’ expectations of $368.39 million. Yelp had a return on equity of 20.33% and a net margin of 10.23%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. As a group, analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yelp

Institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC boosted its position in Yelp by 110.3% in the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock valued at $26,000 after buying an additional 440 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Yelp in the second quarter valued at about $28,000. CIBC Private Wealth Group LLC boosted its holdings in Yelp by 100.0% in the third 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 stake in Yelp by 1,102.0% during the 2nd 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 purchased a new stake in Yelp during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Ratings Changes

YELP has been the topic of several research reports. Morgan Stanley cut their price target on shares of Yelp from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a report on Friday, January 9th. UBS Group set a $28.00 price target on shares of Yelp in a research report on Tuesday, January 13th. The Goldman Sachs Group set a $33.00 price objective on Yelp in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Yelp from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average 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.