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

Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $43.98, for a total transaction of $571,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, November 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.05, for a total transaction of $559,650.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $614,120.00.
  • On Tuesday, September 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $49.66, for a total transaction of $645,580.00.
  • On Thursday, September 20th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $49.75, for a total transaction of $646,750.00.
  • On Wednesday, September 12th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $44.69, for a total transaction of $580,970.00.
  • On Thursday, August 30th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $46.98, for a total transaction of $610,740.00.
  • On Wednesday, August 22nd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $44.11, for a total transaction of $573,430.00.

Yelp stock opened at $31.93 on Friday. Yelp Inc has a one year low of $29.33 and a one year high of $52.50. The stock has a market cap of $3.73 billion, a PE ratio of 456.14, a price-to-earnings-growth ratio of 7.46 and a beta of 1.29.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, November 8th. The local business review company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The company had revenue of $241.10 million during the quarter, compared to the consensus estimate of $245.55 million. During the same period in the prior year, the business posted $0.29 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Yelp Inc will post 0.3 earnings per share for the current year.

A number of large investors have recently modified their holdings of YELP. BlackRock Inc. lifted its stake in Yelp by 28.7% in the 2nd quarter. BlackRock Inc. now owns 7,154,009 shares of the local business review company’s stock valued at $280,295,000 after purchasing an additional 1,597,355 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Yelp by 126.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,105,663 shares of the local business review company’s stock valued at $43,320,000 after purchasing an additional 617,864 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Yelp by 647.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 647,466 shares of the local business review company’s stock valued at $25,368,000 after purchasing an additional 560,847 shares during the last quarter. FMR LLC acquired a new stake in Yelp in the 3rd quarter valued at about $20,179,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in Yelp by 15.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,096,725 shares of the local business review company’s stock valued at $82,149,000 after purchasing an additional 285,890 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

YELP has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Yelp in a research note on Thursday, September 13th. Robert W. Baird upped their target price on shares of Yelp from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Royal Bank of Canada upped their target price on shares of Yelp to $62.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Yelp to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.89.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/11/10/jeremy-stoppelman-sells-13000-shares-of-yelp-inc-yelp-stock-2.html.

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.

Read More: NASDAQ Stock Market Explained

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

Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply