Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $46.48, for a total transaction of $92,960.00. Following the transaction, the director now directly owns 8,055 shares in the company, valued at approximately $374,396.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NYSE:YELP traded up $1.03 on Friday, reaching $42.78. 2,554,663 shares of the company’s stock were exchanged, compared to its average volume of 1,763,857. The firm has a market capitalization of $4.12 billion, a PE ratio of 611.14, a price-to-earnings-growth ratio of 8.25 and a beta of 1.21. Yelp Inc has a 52-week low of $36.42 and a 52-week high of $52.50.

Yelp (NYSE:YELP) last released its earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.14. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The firm had revenue of $234.90 million for the quarter, compared to analyst estimates of $232.26 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Yelp Inc will post 0.3 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in YELP. BlackRock Inc. increased its stake in shares of Yelp by 28.7% during the second quarter. BlackRock Inc. now owns 7,154,009 shares of the local business review company’s stock worth $280,295,000 after buying an additional 1,597,355 shares during the period. Macquarie Group Ltd. increased its stake in shares of Yelp by 126.7% during the second quarter. Macquarie Group Ltd. now owns 1,105,663 shares of the local business review company’s stock worth $43,320,000 after buying an additional 617,864 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Yelp by 647.5% during the second quarter. Dimensional Fund Advisors LP now owns 647,466 shares of the local business review company’s stock worth $25,368,000 after buying an additional 560,847 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Yelp during the first quarter worth approximately $20,291,000. Finally, Millennium Management LLC increased its stake in shares of Yelp by 68.0% during the first quarter. Millennium Management LLC now owns 857,030 shares of the local business review company’s stock worth $35,781,000 after buying an additional 346,768 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Several research analysts have recently weighed in on YELP shares. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Royal Bank of Canada boosted their price objective on shares of Yelp to $62.00 and gave the company an “outperform” rating in a report on Monday, September 17th. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus target price of $49.24.

Yelp Company Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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