Yelp Inc. (YELP) CEO Jeremy Stoppelman Sells 13,000 Shares

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $43.50, for a total transaction of $565,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, October 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.94, for a total transaction of $571,220.00.
  • On Thursday, October 12th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.66, for a total transaction of $567,580.00.
  • On Wednesday, October 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $45.38, for a total transaction of $589,940.00.
  • On Tuesday, September 26th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.20, for a total transaction of $548,600.00.
  • On Thursday, September 21st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.49, for a total transaction of $565,370.00.
  • On Wednesday, September 13th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.54, for a total transaction of $566,020.00.
  • On Tuesday, September 5th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.62, for a total transaction of $554,060.00.
  • On Friday, September 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.15, for a total transaction of $560,950.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.94, for a total transaction of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.74, for a total transaction of $542,620.00.

Shares of Yelp Inc. (NYSE:YELP) traded up 0.89% during midday trading on Friday, reaching $45.40. 1,682,711 shares of the company’s stock were exchanged. Yelp Inc. has a one year low of $26.93 and a one year high of $46.76. The stock has a market cap of $3.71 billion, a P/E ratio of 287.34 and a beta of 1.34. The company’s 50-day moving average is $44.00 and its 200-day moving average is $36.36.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. The business had revenue of $209.90 million during the quarter, compared to analysts’ expectations of $204.89 million. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Equities analysts expect that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp declared that its board has authorized a share repurchase program on Thursday, August 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the local business review company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

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A number of research firms have recently weighed in on YELP. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $44.00 target price on shares of Yelp in a research report on Friday. Zacks Investment Research downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research report on Thursday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $48.00 target price (up from $40.00) on shares of Yelp in a research report on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $54.00 target price on shares of Yelp in a research report on Tuesday, October 17th. Finally, BidaskClub downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.90.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Yelp during the 2nd quarter worth $108,000. FNY Partners Fund LP grew its holdings in shares of Yelp by 18,650.0% during the 1st quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock worth $122,000 after purchasing an additional 3,730 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after purchasing an additional 2,033 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of Yelp during the 1st quarter worth $163,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Yelp by 11.8% during the 1st quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock worth $202,000 after purchasing an additional 653 shares during the period. Institutional investors and hedge funds own 91.63% of the company’s stock.

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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