Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman Sells 10,000 Shares

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the sale, the chief executive officer now owns 2,082,010 shares in the company, valued at approximately $93,690,450. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, November 16th, Jeremy Stoppelman sold 3,700 shares of Yelp stock. The stock was sold at an average price of $45.00, for a total value of $166,500.00.
• On Monday, November 6th, Jeremy Stoppelman sold 10,000 shares of Yelp stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Friday, November 3rd, Jeremy Stoppelman sold 10,000 shares of Yelp stock. The stock was sold at an average price of $45.10, for a total transaction of $451,000.00.
• On Friday, September 8th, Jeremy Stoppelman sold 10,000 shares of Yelp stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Tuesday, September 5th, Jeremy Stoppelman sold 10,000 shares of Yelp stock. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00.

Yelp Trading Down 0.9 %

Shares of YELP opened at $44.64 on Friday. The company’s 50 day simple moving average is $42.82 and its 200-day simple moving average is $39.51. The firm has a market cap of $3.06 billion, a PE ratio of 35.43 and a beta of 1.43. Yelp Inc. has a 12-month low of $25.30 and a 12-month high of $47.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YELP. Millennium Management LLC increased its holdings in shares of Yelp by 12,790.7% in the fourth quarter. Millennium Management LLC now owns 1,269,731 shares of the local business review company’s stock valued at $34,714,000 after purchasing an additional 1,259,881 shares during the period. Norges Bank purchased a new stake in shares of Yelp in the fourth quarter valued at about $19,208,000. Vanguard Group Inc. increased its stake in shares of Yelp by 7.8% during the first quarter. Vanguard Group Inc. now owns 8,257,853 shares of the local business review company’s stock worth $281,675,000 after acquiring an additional 596,879 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Yelp by 71.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,384,522 shares of the local business review company’s stock worth $42,505,000 after purchasing an additional 579,148 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in Yelp by 1,440.8% in the first quarter. Jupiter Asset Management Ltd. now owns 444,765 shares of the local business review company’s stock valued at $13,650,000 after purchasing an additional 415,899 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on YELP shares. Craig Hallum assumed coverage on Yelp in a report on Friday, July 28th. They set a “buy” rating and a $54.00 price target for the company. StockNews.com began coverage on Yelp in a research note on Thursday, October 5th. They set a “strong-buy” rating for the company. Morgan Stanley increased their price target on shares of Yelp from $30.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, August 15th. Barclays boosted their price objective on shares of Yelp from $26.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Finally, TheStreet raised shares of Yelp from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.33.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.