Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $45.38, for a total value of $589,940.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Tuesday, September 26th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.20, for a total value of $548,600.00.
  • On Thursday, September 21st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.49, for a total value of $565,370.00.
  • On Wednesday, September 13th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.54, for a total value of $566,020.00.
  • On Tuesday, September 5th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.62, for a total value of $554,060.00.
  • On Friday, September 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.15, for a total value of $560,950.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.94, for a total value of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.74, for a total value of $542,620.00.
  • On Thursday, August 10th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.05, for a total value of $533,650.00.
  • On Friday, August 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $40.00, for a total value of $520,000.00.

Yelp Inc. (YELP) traded up 0.69% during mid-day trading on Thursday, reaching $46.39. The company’s stock had a trading volume of 862,847 shares. The firm has a 50 day moving average price of $43.00 and a 200-day moving average price of $34.97. Yelp Inc. has a 1-year low of $26.93 and a 1-year high of $46.43. The company has a market capitalization of $3.79 billion, a PE ratio of 293.61 and a beta of 1.34.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The business had revenue of $209.90 million for the quarter, compared to the consensus estimate of $204.89 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Yelp’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts predict that Yelp Inc. will post $0.07 EPS for the current fiscal year.

Yelp announced that its board has initiated a share repurchase plan on Thursday, August 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dorsey Asset Management LLC acquired a new stake in shares of Yelp in the second quarter worth about $22,095,000. First Manhattan Co. bought a new position in Yelp during the second quarter valued at about $11,158,000. Capital Fund Management S.A. increased its stake in Yelp by 113.2% during the second quarter. Capital Fund Management S.A. now owns 714,639 shares of the local business review company’s stock valued at $21,453,000 after acquiring an additional 379,367 shares during the period. Swiss National Bank increased its stake in Yelp by 14.2% during the first quarter. Swiss National Bank now owns 129,264 shares of the local business review company’s stock valued at $4,233,000 after acquiring an additional 16,100 shares during the period. Finally, California Public Employees Retirement System increased its stake in Yelp by 95.8% during the first quarter. California Public Employees Retirement System now owns 225,800 shares of the local business review company’s stock valued at $8,015,000 after acquiring an additional 110,500 shares during the period. 90.85% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on YELP. Barclays PLC restated an “equal weight” rating and set a $36.00 target price (up previously from $28.00) on shares of Yelp in a research note on Friday, August 4th. B. Riley restated a “neutral” rating and set a $36.00 target price on shares of Yelp in a research note on Friday, August 4th. Morgan Stanley restated an “equal weight” rating and set a $40.00 target price (up previously from $26.00) on shares of Yelp in a research note on Monday. Royal Bank Of Canada boosted their target price on Yelp from $27.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded Yelp from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have given a buy rating to the stock. Yelp has an average rating of “Hold” and an average target price of $39.78.

Yelp Company Profile

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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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