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 stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $27.54, for a total value of $826,200.00. Following the completion of the transaction, the chief executive officer owned 756,458 shares of the company’s stock, valued at $20,832,853.32. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 30th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $27.26, for a total value of $817,800.00.
• On Tuesday, January 27th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $27.39, for a total value 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 value of $862,200.00.
• On Tuesday, January 20th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $28.07, for a total transaction 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 transaction of $854,400.00.

Yelp Stock Performance

YELP stock opened at $27.39 on Tuesday. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.12, a PEG ratio of 0.51 and a beta of 0.55. The company has a fifty day moving average price of $29.58 and a 200-day moving average price of $31.08. Yelp Inc. has a 52-week low of $26.96 and a 52-week high of $41.22.

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

Institutional Trading of Yelp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC grew its stake in Yelp by 110.3% in the third 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 during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Yelp in the 2nd quarter valued at $28,000. CIBC Private Wealth Group LLC grew its position in Yelp by 100.0% in 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 period. Fifth Third Bancorp increased its stake in Yelp by 70.4% during the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 479 shares in the last quarter. Finally, MAI Capital Management raised its holdings in 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 worth $41,000 after buying an additional 1,102 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on YELP shares. UBS Group set a $28.00 price target on shares of Yelp in a research report on Tuesday, January 13th. Jefferies Financial Group boosted their target price on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, December 11th. Morgan Stanley lowered their price objective on Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their target price on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research raised Yelp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.29.

Yelp Company Profile

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.