Yelp (NYSE:YELP) CEO Jeremy Stoppelman Sells 6,200 Shares of Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 6,200 shares of Yelp stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $24.20, for a total transaction of $150,040.00. Following the completion of the sale, the chief executive officer directly owned 964,827 shares in the company, valued at approximately $23,348,813.40. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, February 4th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $24.79, for a total transaction of $743,700.00.
• 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 stock was 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 shares were sold at an average price of $28.74, for a total transaction of $862,200.00.
• On Tuesday, January 20th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was 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 shares were sold at an average price of $28.48, for a total value of $854,400.00.

Yelp Price Performance

YELP stock traded up $0.26 during mid-day trading on Friday, reaching $24.30. 28,787 shares of the company traded hands, compared to its average volume of 1,053,201. Yelp Inc. has a 52-week low of $23.92 and a 52-week high of $41.22. The company has a market capitalization of $1.49 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.45 and a beta of 0.55. The company has a fifty day moving average price of $29.29 and a 200-day moving average price of $30.91.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on YELP shares. Zacks Research raised shares of Yelp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Jefferies Financial Group upped their price target on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, December 11th. 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. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a research note on Friday, January 9th. Finally, Morgan Stanley lowered their price objective on Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.29.

Institutional Investors Weigh In On Yelp

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in Yelp by 6.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company’s stock worth $219,000 after purchasing an additional 408 shares in the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Yelp by 11.2% in the fourth quarter. Dana Investment Advisors Inc. now owns 99,168 shares of the local business review company’s stock worth $3,014,000 after buying an additional 10,027 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Yelp during the fourth quarter valued at approximately $267,000. Swiss Life Asset Management Ltd bought a new stake in shares of Yelp during the fourth quarter valued at approximately $235,000. Finally, Horizon Investments LLC raised its holdings in Yelp by 14.0% in the 4th quarter. Horizon Investments LLC now owns 20,544 shares of the local business review company’s stock worth $624,000 after acquiring an additional 2,527 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other 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.