Yelp Inc. (NYSE:YELP – Get Rating) CTO Sam Eaton sold 5,547 shares of the firm's stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $35.81, for a total value of $198,638.07. Following the completion of the transaction, the chief technology officer now owns 197,251 shares in the company, valued at $7,063,558.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Yelp Price Performance
NYSE:YELP traded down $0.02 during midday trading on Wednesday, reaching $35.11. 687,141 shares of the company traded hands, compared to its average volume of 795,589. Yelp Inc. has a twelve month low of $26.28 and a twelve month high of $41.28. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 55.41 and a beta of 1.54. The company has a fifty day moving average price of $33.08 and a 200 day moving average price of $32.16.
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Yelp (NYSE:YELP – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The local business review company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.10. Yelp had a return on equity of 6.50% and a net margin of 4.32%. The business had revenue of $298.90 million during the quarter, compared to analyst estimates of $284.30 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities research analysts forecast that Yelp Inc. will post 0.63 earnings per share for the current fiscal year.
Institutional Trading of Yelp
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Yelp by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 8,257,853 shares of the local business review company's stock worth $281,675,000 after buying an additional 596,879 shares in the last quarter. State Street Corp raised its position in shares of Yelp by 7.7% during the second quarter. State Street Corp now owns 2,519,344 shares of the local business review company's stock worth $69,962,000 after purchasing an additional 180,225 shares during the period. River Road Asset Management LLC raised its position in shares of Yelp by 27.6% during the second quarter. River Road Asset Management LLC now owns 2,086,809 shares of the local business review company's stock worth $57,951,000 after purchasing an additional 452,005 shares during the period. Acadian Asset Management LLC raised its position in shares of Yelp by 10.0% during the first quarter. Acadian Asset Management LLC now owns 1,815,225 shares of the local business review company's stock worth $61,901,000 after purchasing an additional 164,387 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Yelp by 3.2% during the second quarter. Macquarie Group Ltd. now owns 1,805,860 shares of the local business review company's stock worth $50,149,000 after purchasing an additional 56,165 shares during the period. Institutional investors own 93.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on YELP. The Goldman Sachs Group raised their price objective on Yelp from $33.00 to $37.00 and gave the stock a "neutral" rating in a report on Monday, August 8th. Credit Suisse Group raised their target price on Yelp from $45.00 to $49.00 and gave the company an "outperform" rating in a report on Monday, August 8th. Morgan Stanley dropped their target price on Yelp from $34.00 to $33.00 and set an "underweight" rating on the stock in a report on Tuesday, July 19th. StockNews.com downgraded Yelp from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 14th. Finally, Evercore ISI raised their target price on Yelp from $35.00 to $41.00 and gave the company an "in-line" rating in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.00.
Yelp Company Profile
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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.
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