Key Points
- Yelp CEO Jeremy Stoppelman sold 30,000 shares on Jan. 20 at an average price of $28.07 for $842,100, and had sold another 30,000 shares on Jan. 16; after these trades he owns 756,458 shares (a 3.81% reduction), worth about $21.23 million.
- Yelp has a market cap of $1.72 billion and recently reported an earnings beat (EPS $0.61 vs. $0.47 consensus), but analysts' consensus rating is "Reduce" with an average price target of about $31.29.
Yelp Inc. (NYSE:YELP - Get Free Report) CEO Jeremy Stoppelman sold 30,000 shares of Yelp stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $28.07, for a total transaction of $842,100.00. Following the completion of the sale, the chief executive officer owned 756,458 shares of the company's stock, valued at approximately $21,233,776.06. This trade represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Jeremy Stoppelman also recently made the following trade(s):
- 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 transaction of $854,400.00.
Yelp Stock Performance
YELP opened at $28.05 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 12.41, a PEG ratio of 0.52 and a beta of 0.55. The company has a 50-day moving average of $29.71 and a 200-day moving average of $31.50. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, topping 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 net margin of 10.23% and a return on equity of 20.33%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. As a group, sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of Yelp by 14.5% during the second quarter. Advisors Asset Management Inc. now owns 3,056 shares of the local business review company's stock worth $105,000 after buying an additional 386 shares during the period. California State Teachers Retirement System boosted its position in Yelp by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company's stock worth $1,998,000 after acquiring an additional 393 shares during the period. Pinnacle Holdings LLC grew its stake in shares of Yelp by 1.2% in the third quarter. Pinnacle Holdings LLC now owns 35,838 shares of the local business review company's stock worth $1,118,000 after purchasing an additional 413 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Yelp by 2.2% during the fourth quarter. CWA Asset Management Group LLC now owns 19,871 shares of the local business review company's stock valued at $604,000 after purchasing an additional 436 shares during the period. Finally, Bfsg LLC raised its stake in shares of Yelp by 110.3% during the third quarter. Bfsg LLC now owns 839 shares of the local business review company's stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Institutional investors own 90.11% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on YELP. Zacks Research downgraded Yelp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 27th. Jefferies Financial Group boosted their target price 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Yelp in a report on Friday, January 9th. Morgan Stanley decreased their price target on shares of Yelp from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $31.29.
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Yelp Company Profile
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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.
Further Reading
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