Yelp Inc. (NYSE:YELP) insider Laurence Wilson sold 30,000 shares of Yelp stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.18, for a total transaction of $1,385,400.00. Following the sale, the insider now directly owns 187,739 shares of the company’s stock, valued at approximately $8,669,787.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Laurence Wilson also recently made the following trade(s):

  • On Friday, October 27th, Laurence Wilson sold 10,000 shares of Yelp stock. The stock was sold at an average price of $45.18, for a total transaction of $451,800.00.
  • On Monday, October 23rd, Laurence Wilson sold 17,871 shares of Yelp stock. The stock was sold at an average price of $44.03, for a total transaction of $786,860.13.
  • On Wednesday, October 25th, Laurence Wilson sold 25,000 shares of Yelp stock. The stock was sold at an average price of $44.08, for a total transaction of $1,102,000.00.
  • On Tuesday, August 22nd, Laurence Wilson sold 4,208 shares of Yelp stock. The stock was sold at an average price of $41.45, for a total transaction of $174,421.60.
  • On Tuesday, August 8th, Laurence Wilson sold 10,000 shares of Yelp stock. The stock was sold at an average price of $42.00, for a total transaction of $420,000.00.

Yelp Inc. (NYSE:YELP) opened at 46.72 on Wednesday. The company has a 50-day moving average of $44.18 and a 200-day moving average of $36.59. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 295.70 and a beta of 1.34. Yelp Inc. has a 52 week low of $26.93 and a 52 week high of $47.20.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Equities research analysts forecast that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp announced that its Board of Directors has approved a stock repurchase program on Thursday, August 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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A number of research firms have commented on YELP. Roth Capital lifted their target price on shares of Yelp from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday. Cantor Fitzgerald cut shares of Yelp from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.73 to $44.00 in a research report on Monday, October 9th. BidaskClub raised shares of Yelp from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. KeyCorp reissued a “buy” rating and set a $54.00 price target on shares of Yelp in a research report on Wednesday, October 4th. Finally, Bank of America Corporation lifted their price target on shares of Yelp from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.06.

A number of hedge funds have recently made changes to their positions in YELP. Vanguard Group Inc. increased its stake in shares of Yelp by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock worth $178,180,000 after purchasing an additional 231,754 shares in the last quarter. BlackRock Inc. increased its stake in shares of Yelp by 84.9% in the second quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock worth $157,084,000 after purchasing an additional 2,403,240 shares in the last quarter. Prescott General Partners LLC increased its stake in shares of Yelp by 21.3% in the second quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock worth $115,630,000 after purchasing an additional 676,251 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Yelp by 38.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,116,090 shares of the local business review company’s stock worth $93,545,000 after purchasing an additional 868,890 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Yelp by 17.7% in the third quarter. Fisher Asset Management LLC now owns 2,893,867 shares of the local business review company’s stock worth $125,304,000 after purchasing an additional 434,574 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors and hedge funds.

About Yelp

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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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

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