Insider Selling: Yelp Inc (YELP) Director Sells 6,000 Shares of Stock

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $41.58, for a total transaction of $249,480.00. Following the completion of the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at $398,752.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Yelp Inc (YELP) opened at $44.23 on Friday. Yelp Inc has a 1 year low of $26.93 and a 1 year high of $48.40. The stock has a market cap of $3,614.79, a P/E ratio of 1,453.67, a P/E/G ratio of 6.72 and a beta of 1.14.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Slow Capital Inc. acquired a new stake in Yelp during the fourth quarter worth approximately $163,000. Oppenheimer Asset Management Inc. boosted its position in Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after acquiring an additional 4,002 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Yelp by 46.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after acquiring an additional 1,337 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Yelp during the third quarter worth approximately $204,000. Finally, Turner Investments LLC acquired a new stake in Yelp during the third quarter worth approximately $217,000. Hedge funds and other institutional investors own 90.37% of the company’s stock.

A number of research analysts have issued reports on YELP shares. KeyCorp reaffirmed a “buy” rating and issued a $54.00 target price on shares of Yelp in a report on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price on shares of Yelp in a report on Thursday, November 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $52.00 target price on shares of Yelp in a report on Thursday, November 2nd. SunTrust Banks set a $51.00 target price on shares of Yelp and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Yelp from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Tuesday, November 21st. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.66.

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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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