Jeremy Stoppelman Sells 6,200 Shares of Yelp (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 6,200 shares of Yelp stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $24.20, for a total transaction of $150,040.00. Following the sale, the chief executive officer owned 964,827 shares in the company, valued at approximately $23,348,813.40. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 4th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $24.79, for a total transaction of $743,700.00.
• On Friday, January 30th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $27.26, for a total transaction of $817,800.00.
• On Monday, February 2nd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $27.54, for a total transaction of $826,200.00.
• On Tuesday, January 27th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $27.39, for a total value of $821,700.00.
• On Friday, January 23rd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.74, for a total value of $862,200.00.
• On Tuesday, January 20th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.07, for a total value of $842,100.00.
• On Friday, January 16th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $28.48, for a total value of $854,400.00.

Yelp Price Performance

Shares of YELP opened at $24.47 on Friday. The business has a 50-day moving average of $29.21 and a 200-day moving average of $30.84. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.45 and a beta of 0.55. Yelp Inc. has a 1 year low of $23.92 and a 1 year high of $41.22.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. The business had revenue of $376.04 million for the quarter, compared to analysts’ expectations of $368.39 million. Yelp had a return on equity of 20.33% and a net margin of 10.23%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On Yelp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. increased its stake in Yelp by 268.1% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock valued at $25,811,000 after purchasing an additional 548,586 shares in the last quarter. Summit Global Investments acquired a new position in shares of Yelp during the third quarter valued at about $1,185,000. Russell Investments Group Ltd. increased its position in shares of Yelp by 17.7% during the second quarter. Russell Investments Group Ltd. now owns 295,562 shares of the local business review company’s stock worth $10,148,000 after acquiring an additional 44,353 shares in the last quarter. Hussman Strategic Advisors Inc. raised its holdings in shares of Yelp by 150.0% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the local business review company’s stock worth $3,276,000 after acquiring an additional 63,000 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Yelp by 4.2% in the 2nd quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock worth $80,827,000 after acquiring an additional 95,933 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Analysts Set New Price Targets

YELP has been the topic of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Morgan Stanley cut their price target on shares of Yelp from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 13th. Wall Street Zen raised Yelp from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. The Goldman Sachs Group set a $33.00 price objective on Yelp in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Yelp in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.29.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.