Insider Selling: Yelp Inc (YELP) Director Sells 6,000 Shares of Stock

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.

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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.

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

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