Geoffrey L. Donaker Sells 6,000 Shares of Yelp Inc (NYSE:YELP) Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $42.06, for a total value of $252,360.00. Following the completion of the transaction, the director now directly owns 9,590 shares in the company, valued at approximately $403,355.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Yelp Inc (YELP) traded up $0.31 on Monday, reaching $44.38. 1,300,000 shares of the company’s stock were exchanged, compared to its average volume of 1,050,000. Yelp Inc has a twelve month low of $26.93 and a twelve month high of $48.40. The stock has a market cap of $3,680.00, a price-to-earnings ratio of 192.96, a price-to-earnings-growth ratio of 4.13 and a beta of 1.22.
Yelp (NYSE:YELP) last released its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The business had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. During the same period last year, the company posted $0.22 EPS. The business’s revenue was up 19.4% on a year-over-year basis. equities research analysts expect that Yelp Inc will post 0.17 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in shares of Yelp during the 2nd quarter valued at approximately $108,000. Oppenheimer Asset Management Inc. raised its position in shares of Yelp by 28,585.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after buying an additional 4,002 shares during the period. Russell Investments Group Ltd. raised its position in shares of Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after buying an additional 2,033 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Yelp during the 3rd quarter valued at approximately $204,000. Finally, Turner Investments LLC purchased a new stake in shares of Yelp during the 3rd quarter valued at approximately $217,000. 85.56% of the stock is currently owned by institutional investors and hedge funds.
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.
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