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 that occurred on Friday, January 30th. The stock was sold at an average price of $27.26, for a total value of $817,800.00. Following the transaction, the chief executive officer owned 756,458 shares in the company, valued at approximately $20,621,045.08. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, February 2nd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $27.54, for a total transaction of $826,200.00.
• On Tuesday, January 27th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $27.39, for a total transaction of $821,700.00.
• On Friday, January 23rd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.74, for a total transaction of $862,200.00.
• 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.
• On Friday, January 16th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.48, for a total value of $854,400.00.

Yelp Stock Up 0.0%

YELP stock opened at $27.39 on Tuesday. The firm has a market cap of $1.68 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.51 and a beta of 0.55. The company’s 50-day moving average price is $29.58 and its two-hundred day moving average price is $31.08. Yelp Inc. has a 12 month low of $26.96 and a 12 month high of $41.22.

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

Analyst Ratings Changes

YELP has been the subject of a number of research reports. Morgan Stanley dropped their price target on Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, January 13th. Zacks Research upgraded shares of Yelp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. The Goldman Sachs Group set a $33.00 price target on Yelp in a report on Tuesday, October 14th. Evercore ISI decreased their target price on 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 restated a “hold (c-)” rating on shares of Yelp in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Yelp has a consensus rating of “Hold” and a consensus target price of $31.29.

Hedge Funds Weigh In On Yelp

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its stake in Yelp by 14.5% in the second quarter. Advisors Asset Management Inc. now owns 3,056 shares of the local business review company’s stock valued at $105,000 after purchasing an additional 386 shares during the last quarter. California State Teachers Retirement System grew its stake in Yelp by 0.7% during the second quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company’s stock valued at $1,998,000 after acquiring an additional 393 shares in the last quarter. Pinnacle Holdings LLC boosted its holdings in Yelp by 1.2% in the 3rd quarter. Pinnacle Holdings LLC now owns 35,838 shares of the local business review company’s stock valued at $1,118,000 after purchasing an additional 413 shares during the period. CWA Asset Management Group LLC boosted its stake in Yelp by 2.2% during the fourth quarter. CWA Asset Management Group LLC now owns 19,871 shares of the local business review company’s stock valued at $604,000 after buying an additional 436 shares during the period. Finally, Bfsg LLC raised its holdings in shares of 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 acquiring an additional 440 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

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.