Jeremy Stoppelman Sells 30,000 Shares of Yelp (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 30,000 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $27.39, for a total value of $821,700.00. Following the completion of the transaction, the chief executive officer directly owned 756,458 shares of the company’s stock, valued at approximately $20,719,384.62. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were sold at an average price of $28.48, for a total transaction of $854,400.00.

Yelp Price Performance

YELP stock traded up $0.22 during midday trading on Wednesday, hitting $27.53. The stock had a trading volume of 1,185,207 shares, compared to its average volume of 969,034. The company’s 50-day moving average price is $29.68 and its 200 day moving average price is $31.27. The firm has a market cap of $1.69 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.53 and a beta of 0.55. Yelp Inc. has a 12-month low of $26.96 and a 12-month high of $41.72.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, beating 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 firm had revenue of $376.04 million during the quarter, compared to analyst estimates of $368.39 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

YELP has been the subject of several research reports. UBS Group set a $28.00 price objective on shares of Yelp in a research note on Tuesday, January 13th. JPMorgan Chase & Co. cut their price objective on Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Evercore ISI reduced their price objective on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $31.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in YELP. Bfsg LLC grew its holdings in Yelp by 110.3% during the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Yelp in the second quarter worth about $28,000. CIBC Private Wealth Group LLC raised its stake in Yelp by 100.0% during the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after buying an additional 446 shares in the last quarter. MAI Capital Management lifted its holdings in Yelp by 1,102.0% during the 2nd 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. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Yelp in the 3rd quarter worth approximately $55,000. 90.11% of the stock is currently owned by institutional investors.

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.