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 dated Wednesday, February 4th. The stock was sold at an average price of $24.79, for a total transaction of $743,700.00. Following the transaction, the chief executive officer owned 964,827 shares in the company, valued at $23,918,061.33. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, February 5th, Jeremy Stoppelman sold 6,200 shares of Yelp stock. The shares were sold at an average price of $24.20, for a total transaction of $150,040.00.
• On Friday, January 30th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $27.26, for a total value of $817,800.00.
• On Monday, February 2nd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $27.54, for a total value of $826,200.00.
• On Tuesday, January 27th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $27.39, for a total value of $821,700.00.
• 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 value of $842,100.00.
• On Friday, January 16th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.48, for a total value of $854,400.00.

Yelp Stock Up 1.8%

NYSE YELP opened at $24.47 on Friday. The business’s fifty day simple moving average is $29.21 and its 200-day simple moving average is $30.84. The firm has a market cap of $1.50 billion, a PE ratio of 10.83, a P/E/G ratio of 0.45 and a beta of 0.55. Yelp Inc. has a 52 week low of $23.92 and a 52 week high of $41.22.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The firm had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. During the same period last year, the business earned $0.56 earnings per share. Yelp’s revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in YELP. Royal Bank of Canada increased its stake in Yelp by 157.8% during the 1st quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company’s stock worth $9,352,000 after buying an additional 154,612 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Yelp by 0.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock worth $2,828,000 after acquiring an additional 506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Yelp by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company’s stock valued at $7,723,000 after acquiring an additional 5,210 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Yelp by 21.8% in the first quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company’s stock valued at $1,458,000 after purchasing an additional 7,053 shares during the period. Finally, Strs Ohio acquired a new position in Yelp during the 1st quarter worth $56,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

YELP has been the topic of a number of research analyst reports. UBS Group set a $28.00 target price on Yelp in a research report on Tuesday, January 13th. Jefferies Financial Group upped their target price on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Morgan Stanley dropped their price target on shares of Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen raised shares of Yelp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.29.

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.