Insider Selling: Yelp Inc (YELP) CEO Sells 13,000 Shares of Stock

Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $44.37, for a total transaction of $576,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, January 30th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.63, for a total transaction of $567,190.00.
  • On Thursday, January 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.67, for a total transaction of $554,710.00.
  • On Wednesday, January 17th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.48, for a total transaction of $565,240.00.
  • On Tuesday, January 9th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.63, for a total transaction of $567,190.00.
  • On Thursday, January 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.23, for a total transaction of $561,990.00.
  • On Wednesday, December 27th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.14, for a total transaction of $547,820.00.
  • On Tuesday, December 19th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.69, for a total transaction of $567,970.00.
  • On Thursday, December 14th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.32, for a total transaction of $550,160.00.
  • On Wednesday, December 6th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.61, for a total transaction of $553,930.00.
  • On Tuesday, November 28th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $47.49, for a total transaction of $617,370.00.

Shares of Yelp Inc (NYSE:YELP) traded down $0.34 during midday trading on Friday, hitting $38.29. 3,508,461 shares of the stock traded hands, compared to its average volume of 1,800,088. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The firm has a market capitalization of $3,120.00, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 4.20 and a beta of 1.14.

Several research firms recently commented on YELP. Wells Fargo & Co restated a “market perform” rating and set a $45.00 price target (up previously from $36.00) on shares of Yelp in a research report on Thursday, November 2nd. B. Riley restated a “neutral” rating on shares of Yelp in a research report on Tuesday. SunTrust Banks set a $50.00 price target on shares of Yelp and gave the company a “buy” rating in a research report on Thursday. KeyCorp set a $54.00 price target on shares of Yelp and gave the company a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $43.55.

Several hedge funds and other institutional investors have recently made changes to their positions in YELP. Oppenheimer Asset Management Inc. grew its position in shares of Yelp by 28,585.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after purchasing an additional 4,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Yelp by 46.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after buying an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Yelp in the third quarter worth about $204,000. Ameritas Investment Partners Inc. purchased a new position in shares of Yelp in the second quarter worth about $205,000. Finally, ProShare Advisors LLC purchased a new position in shares of Yelp in the second quarter worth about $215,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

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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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