November 24, 2016 - By Peter Kolinski
Based on an average stock price per share of $38.2, Michael Stoppelman, the Yelp Inc’s shareholder made a sale of 8,736 shares of Yelp Inc worth exactly $333,602 U.S Dollars. This transaction, which was filled on 23-11-2016 was made public in a filing with the Washington-based Security and Exchange Commission. Currently, Michael Stoppelman owns 124,167 shares which are around 0.16% of the Company’s market capitalization.
Out of 37 analysts covering Yelp (NYSE:YELP), 15 rate it a “Buy”, 5 “Sell”, while 17 “Hold”. This means 41% are positive. $50 is the highest target while $17 is the lowest. The $30.73 average target is -21.18% below today’s ($38.99) stock price. Yelp has been the topic of 72 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Wells Fargo downgraded the shares of YELP in a report on Wednesday, July 13 to “Underperform” rating. On Wednesday, July 29 the stock rating was downgraded by JMP Securities to “Market Perform”. William Blair initiated the shares of YELP in a report on Tuesday, September 15 with “Market Perform” rating. The stock of Yelp Inc (NYSE:YELP) earned “Buy” rating by Needham on Tuesday, February 9. The stock of Yelp Inc (NYSE:YELP) earned “Buy” rating by Mizuho on Wednesday, November 2. On Monday, June 20 the stock rating was upgraded by Deutsche Bank to “Buy”. Needham maintained it with “Buy” rating and $50 target price in Wednesday, July 29 report. The rating was maintained by RBC Capital Markets on Friday, May 6 with “Outperform”. The rating was upgraded by Axiom Capital on Wednesday, August 10 to “Buy”. Northland Capital maintained the stock with “Under Perform” rating in Wednesday, July 29 report.
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.02, from 1.18 in 2016Q1. The ratio is negative, as 35 funds sold all Yelp Inc shares owned while 50 reduced positions. 44 funds bought stakes while 56 increased positions. They now own 52.13 million shares or 4.72% less from 54.71 million shares in 2016Q1.
Greenlight Capital Inc reported 2.90 million shares or 1.62% of all its holdings. Lazard Asset Management Ltd Liability Company last reported 0.01% of its portfolio in the stock. Parametric Assoc owns 236,719 shares or 0.01% of their US portfolio. Swiss Bancshares has invested 0.01% of its portfolio in Yelp Inc (NYSE:YELP). The Pennsylvania-based Turner Invs L P has invested 0.11% in Yelp Inc (NYSE:YELP). The California-based Tcw Group Inc has invested 0.01% in Yelp Inc (NYSE:YELP). Columbus Circle Investors has 22,110 shares for 0.01% of their US portfolio. Moreover, Criterion Capital Mgmt Limited Liability Company has 1.57% invested in Yelp Inc (NYSE:YELP) for 1.08 million shares. Raymond James & Assocs holds 41,904 shares or 0% of its portfolio. Stonerise Mngmt Limited Com holds 15.47% or 891,800 shares in its portfolio. Moreover, Kcg Inc has 0.01% invested in Yelp Inc (NYSE:YELP) for 17,330 shares. Voya Invest Mngmt Llc accumulated 0% or 27,877 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Yelp Inc (NYSE:YELP) for 2,305 shares. Maverick has 0.03% invested in the company for 66,760 shares. Schwab Charles Inv has 0% invested in the company for 111,168 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 30 sales for $20.00 million net activity. Nachman Joseph R also sold $1.07 million worth of Yelp Inc (NYSE:YELP) on Monday, October 3. 263,000 shares were sold by Stoppelman Jeremy, worth $10.52M. $151,920 worth of Yelp Inc (NYSE:YELP) was sold by Donaker Geoffrey L on Wednesday, May 25. 2,073 shares were sold by Wilson Laurence, worth $77,637. Stoppelman Michael sold $171,796 worth of stock or 5,000 shares.
The stock increased 1.67% or $0.64 on November 23, hitting $38.99. About 1.01 million shares traded hands. Yelp Inc (NYSE:YELP) has risen 81.18% since April 22, 2016 and is uptrending. It has outperformed by 75.77% the S&P500.
Yelp Inc. connects people with local businesses by bringing word of mouth online and providing a platform for businesses and clients to engage and transact. The company has a market cap of $3.06 billion. The Firm provides local business review sites. It currently has negative earnings. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
According to Zacks Investment Research, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California.”
Analysts await Yelp Inc (NYSE:YELP) to report earnings on February, 13. They expect $0.03 earnings per share, up 110.34% or $0.32 from last year’s $-0.29 per share. YELP’s profit will be $2.35 million for 324.92 P/E if the $0.03 EPS becomes a reality. After $0.03 actual earnings per share reported by Yelp Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More recent Yelp Inc (NYSE:YELP) news were published by: Fool.com which released: “Why Yelp, Inc. Stock Jumped Today” on November 02, 2016. Also Streetinsider.com published the news titled: “Form 4 YELP INC For: Nov 21 Filed by: Stoppelman Michael” on November 24, 2016. Profitconfidential.com‘s news article titled: “Yelp Inc.: This Is Why YELP Stock is Going Crazy” with publication date: November 02, 2016 was also an interesting one.
Yelp Inc. (Yelp), incorporated on September 03, 2004, connects people with local businesses by bringing word of mouth online and providing a platform for businesses and clients to engage and transact. The Firm provides local business review sites. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature. The Company’s platform also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Firm has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos.
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