Jeremy Stoppelman Sells 13,000 Shares of Yelp Inc (YELP) Stock

Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $43.05, for a total value of $559,650.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, October 24th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.73, for a total value of $555,490.00.
  • On Tuesday, October 16th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.22, for a total value of $561,860.00.
  • On Thursday, October 11th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.26, for a total value of $549,380.00.
  • On Wednesday, October 3rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $47.24, for a total value of $614,120.00.
  • On Tuesday, September 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $49.66, for a total value of $645,580.00.
  • On Thursday, September 20th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $49.75, for a total value of $646,750.00.
  • On Wednesday, September 12th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $44.69, for a total value of $580,970.00.
  • On Thursday, August 30th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $46.98, for a total value of $610,740.00.
  • On Wednesday, August 22nd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $44.11, for a total value of $573,430.00.
  • On Tuesday, August 14th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $47.00, for a total value of $611,000.00.

Shares of YELP traded up $0.37 during trading hours on Monday, reaching $43.47. 1,428,400 shares of the company’s stock traded hands, compared to its average volume of 1,719,477. The company has a market cap of $3.61 billion, a PE ratio of 621.43, a price-to-earnings-growth ratio of 7.22 and a beta of 1.29. Yelp Inc has a 12 month low of $36.42 and a 12 month high of $52.50.

A number of research analysts have weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Barclays lifted their target price on Yelp from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, August 9th. Stifel Nicolaus lifted their target price on Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded Yelp from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group lifted their price target on Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.29.

Several institutional investors and hedge funds have recently modified their holdings of YELP. Fisher Asset Management LLC boosted its position in shares of Yelp by 5.5% during the 2nd quarter. Fisher Asset Management LLC now owns 3,012,391 shares of the local business review company’s stock valued at $118,025,000 after acquiring an additional 156,123 shares during the last quarter. Amalgamated Bank lifted its position in Yelp by 16.0% in the 2nd quarter. Amalgamated Bank now owns 12,383 shares of the local business review company’s stock worth $485,000 after buying an additional 1,708 shares during the last quarter. Fred Alger Management Inc. lifted its position in Yelp by 145.6% in the 2nd quarter. Fred Alger Management Inc. now owns 186,427 shares of the local business review company’s stock worth $7,304,000 after buying an additional 110,513 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in Yelp in the 2nd quarter worth approximately $1,827,000. Finally, Douglas Lane & Associates LLC lifted its position in Yelp by 35.1% in the 2nd quarter. Douglas Lane & Associates LLC now owns 639,749 shares of the local business review company’s stock worth $25,065,000 after buying an additional 166,278 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

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Yelp Company Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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