Insider Selling: Yelp Inc (YELP) Director Sells 6,000 Shares of Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $42.95, for a total transaction of $257,700.00. Following the completion of the sale, the director now directly owns 9,590 shares in the company, valued at approximately $411,890.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Yelp Inc (NYSE:YELP) traded down $1.02 during midday trading on Thursday, reaching $41.88. 1,428,300 shares of the company traded hands, compared to its average volume of 2,477,858. The firm has a market cap of $3,555.52, a P/E ratio of 194.98, a price-to-earnings-growth ratio of 9.14 and a beta of 1.22. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The business had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. analysts predict that Yelp Inc will post 0.18 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of YELP. Dimensional Fund Advisors LP lifted its position in Yelp by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 100,753 shares of the local business review company’s stock worth $3,300,000 after buying an additional 3,058 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after buying an additional 2,033 shares in the last quarter. Strs Ohio acquired a new position in Yelp during the 2nd quarter worth about $108,000. Pictet Asset Management Ltd. acquired a new position in Yelp during the 2nd quarter worth about $16,953,000. Finally, Global X Management Co. LLC lifted its position in Yelp by 43.5% during the 2nd quarter. Global X Management Co. LLC now owns 86,944 shares of the local business review company’s stock worth $2,610,000 after buying an additional 26,364 shares in the last quarter. Institutional investors and hedge funds own 85.75% 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 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.
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