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

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 30,000 shares of Yelp stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $28.07, for a total value of $842,100.00. Following the transaction, the chief executive officer owned 756,458 shares of the company’s stock, valued at $21,233,776.06. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $854,400.00.

Yelp Price Performance

YELP traded down $0.08 during trading on Tuesday, hitting $28.05. The company had a trading volume of 1,139,734 shares, compared to its average volume of 937,919. The company has a market cap of $1.72 billion, a PE ratio of 12.41, a P/E/G ratio of 0.52 and a beta of 0.55. The business has a 50-day moving average of $29.73 and a 200-day moving average of $31.55. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72.

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

Institutional Trading of Yelp

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on YELP shares. Morgan Stanley decreased their target price on Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, January 13th. Zacks Research lowered Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research report on Friday, January 9th. UBS Group set a $28.00 price target on shares of Yelp in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $31.29.

About Yelp

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.