Yelp Inc. (YELP) SVP Sells $949,950.00 in Stock
Yelp Inc. (NYSE:YELP) SVP Laurence Wilson sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $42.22, for a total value of $949,950.00. Following the completion of the sale, the senior vice president now directly owns 183,951 shares in the company, valued at $7,766,411.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Laurence Wilson also recently made the following trade(s):
- On Friday, September 23rd, Laurence Wilson sold 36,650 shares of Yelp stock. The stock was sold at an average price of $40.16, for a total value of $1,471,864.00.
Yelp Inc. (NYSE:YELP) opened at 40.66 on Friday. The company’s 50-day moving average is $39.03 and its 200 day moving average is $29.62. Yelp Inc. has a one year low of $14.53 and a one year high of $43.36. The stock’s market capitalization is $3.14 billion.
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Yelp (NYSE:YELP) last posted its earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.08. The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. Yelp’s revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. Equities analysts expect that Yelp Inc. will post ($0.19) EPS for the current year.
YELP has been the topic of several analyst reports. Vetr cut Yelp from a “hold” rating to a “sell” rating and set a $37.07 price objective on the stock. in a research report on Monday, August 29th. Macquarie upped their price objective on Yelp from $39.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yelp in a research report on Friday, August 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of Yelp in a research report on Thursday, August 25th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company. Yelp currently has a consensus rating of “Hold” and an average target price of $36.03.
A number of institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new position in Yelp during the second quarter valued at $112,000. Legal & General Group Plc raised its position in Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock valued at $174,000 after buying an additional 2,197 shares during the last quarter. IBM Retirement Fund purchased a new position in Yelp during the second quarter valued at $209,000. Private Advisor Group LLC purchased a new position in Yelp during the second quarter valued at $231,000. Finally, Concourse Capital Management LLC purchased a new position in Yelp during the second quarter valued at $278,000. Institutional investors own 74.90% of the company’s stock.
Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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