Yelp (NYSE:YELP) CEO Sells $150,040.00 in Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 6,200 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $24.20, for a total value of $150,040.00. Following the completion of the sale, the chief executive officer owned 964,827 shares of the company’s stock, valued at approximately $23,348,813.40. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 shares were 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 stock was 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 shares were 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 NYSE YELP opened at $24.47 on Friday. The stock has a fifty day moving average price of $29.21 and a 200 day moving average price of $30.81. Yelp Inc. has a 1-year low of $23.92 and a 1-year high of $41.22. The company has a market cap of $1.50 billion, a PE ratio of 10.83, a P/E/G ratio of 0.45 and a beta of 0.55.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LSV Asset Management grew its holdings in Yelp by 11.6% during the 4th quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company’s stock valued at $81,513,000 after buying an additional 279,300 shares during the last quarter. SGL Investment Advisors Inc. increased its position in Yelp by 8.4% during the 4th quarter. SGL Investment Advisors Inc. now owns 87,098 shares of the local business review company’s stock worth $2,647,000 after purchasing an additional 6,748 shares in the last quarter. Covestor Ltd raised its stake in Yelp by 9.3% in the 4th quarter. Covestor Ltd now owns 7,759 shares of the local business review company’s stock valued at $236,000 after purchasing an additional 657 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Yelp by 6.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company’s stock valued at $219,000 after purchasing an additional 408 shares in the last quarter. Finally, Dana Investment Advisors Inc. boosted its stake in shares of Yelp by 11.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 99,168 shares of the local business review company’s stock worth $3,014,000 after purchasing an additional 10,027 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on YELP. JPMorgan Chase & Co. cut their price target on shares of Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Evercore dropped their target price on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research note on Friday, January 9th. Zacks Research upgraded Yelp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley dropped their price objective on Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.29.

About Yelp

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.