Laurence Wilson Sells 22,500 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) SVP Laurence Wilson sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $42.22, for a total value of $949,950.00. Following the completion of the sale, the senior vice president now directly owns 183,951 shares in the company, valued at $7,766,411.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Laurence Wilson also recently made the following trade(s):
- On Friday, September 23rd, Laurence Wilson sold 36,650 shares of Yelp stock. The stock was sold at an average price of $40.16, for a total value of $1,471,864.00.
Yelp Inc. (NYSE:YELP) opened at 40.66 on Friday. The company’s 50-day moving average is $39.03 and its 200 day moving average is $29.62. The company’s market capitalization is $3.14 billion. Yelp Inc. has a one year low of $14.53 and a one year high of $43.36.
Yelp (NYSE:YELP) last released its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The firm’s revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities analysts anticipate that Yelp Inc. will post ($0.19) earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in shares of Yelp by 1.6% in the second quarter. Macquarie Group Ltd. now owns 1,450,951 shares of the local business review company’s stock valued at $44,051,000 after buying an additional 22,868 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Yelp by 14.9% in the second quarter. Public Employees Retirement System of Ohio now owns 15,229 shares of the local business review company’s stock valued at $462,000 after buying an additional 1,971 shares during the period. Personal Capital Advisors Corp raised its stake in shares of Yelp by 16.0% in the second quarter. Personal Capital Advisors Corp now owns 420,991 shares of the local business review company’s stock valued at $12,781,000 after buying an additional 58,034 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Yelp by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 111,168 shares of the local business review company’s stock valued at $3,376,000 after buying an additional 3,576 shares during the period. Finally, Pine River Capital Management L.P. bought a new stake in shares of Yelp during the second quarter valued at about $1,756,000. Institutional investors own 74.90% of the company’s stock.
YELP has been the topic of several recent analyst reports. Vetr cut Yelp from a “hold” rating to a “sell” rating and set a $37.07 target price on the stock. in a research note on Monday, August 29th. Macquarie raised their price objective on shares of Yelp from $39.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, September 7th. Cantor Fitzgerald restated a “buy” rating on shares of Yelp in a report on Friday, August 19th. Finally, MKM Partners restated a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of Yelp in a report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.03.
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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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