Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $45.39, for a total transaction of $272,340.00. Following the completion of the sale, the director now owns 9,590 shares in the company, valued at $435,290.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Yelp Inc (YELP) traded down $0.34 during mid-day trading on Friday, reaching $38.29. 3,500,492 shares of the company traded hands, compared to its average volume of 1,932,907. Yelp Inc has a 12-month low of $26.93 and a 12-month high of $48.40. The company has a market cap of $3,173.82, a P/E ratio of 22.26, a P/E/G ratio of 3.51 and a beta of 1.14.
A number of hedge funds have recently made changes to their positions in YELP. Ingalls & Snyder LLC boosted its stake in shares of Yelp by 17.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 97,521 shares of the local business review company’s stock valued at $4,223,000 after purchasing an additional 14,171 shares in the last quarter. AHL Partners LLP acquired a new stake in shares of Yelp in the 2nd quarter valued at approximately $2,292,000. Crestline Management LP acquired a new stake in shares of Yelp in the 3rd quarter valued at approximately $1,209,000. Fox Run Management L.L.C. acquired a new stake in shares of Yelp in the 3rd quarter valued at approximately $455,000. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Yelp in the 4th quarter valued at approximately $1,624,000. 86.09% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on YELP shares. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. SunTrust Banks set a $51.00 price target on shares of Yelp and gave the stock a “buy” rating in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $54.00 price target on shares of Yelp in a research report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 target price on shares of Yelp in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Yelp from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, December 18th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.46.
WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2018/02/12/geoffrey-l-donaker-sells-6000-shares-of-yelp-inc-yelp-stock.html.
Yelp Company Profile
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.
Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.