Insider Filings: Reasons for Geoffrey Donaker’s Shares Sale of Yelp Inc (NYSE:YELP)’s Stock

November 25, 2016 - By Adrian Mccoy

Insider Filings: Reasons for Geoffrey Donaker's Shares Sale of Yelp Inc (NYSE:YELP)'s Stock

Geoffrey Donaker Insider Sell

A public report filed with the SEC on November 25, 2016 made public that Geoffrey Donaker, the director of Yelp Inc, ‘s company sold 4,000 shares. With avg cost per share of $37.6 the transaction’s worth is $150,329 U.S Dollars. It seems he is very active lately as in the last 30 days, he sold additional 16,000 shares of the company, worth $565,598 USD.

Yelp Inc (NYSE:YELP) Ratings Coverage

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 -20.22% below today’s ($38.52) stock price. Yelp has been the topic of 72 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Axiom Capital on Tuesday, August 4. The rating was maintained by Suntrust Robinson on Wednesday, December 30 with “Buy”. The rating was maintained by SunTrust with “Buy” on Friday, September 25. The rating was maintained by Mizuho with “Buy” on Wednesday, November 2. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, July 29. On Wednesday, July 29 the stock rating was downgraded by Raymond James to “Market Perform”. The company was downgraded on Tuesday, July 28 by Deutsche Bank. The rating was upgraded by Mizuho to “Buy” on Wednesday, August 10. The firm has “Underperform” rating by Wells Fargo given on Wednesday, July 13. The rating was maintained by RBC Capital Markets on Tuesday, February 9 with “Outperform”.

Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.02, from 1.18 in 2016Q1. The ratio dived, 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.

Oxford Asset Management reported 137,408 shares or 0.17% of all its holdings. California State Teachers Retirement accumulated 144,994 shares or 0.01% of the stock. The Connecticut-based Matarin Mngmt Limited Liability Corp has invested 0% in Yelp Inc (NYSE:YELP). Trexquant Invest Ltd Partnership has 0.17% invested in the company for 41,600 shares. The Kansas-based Vsr Fincl Services has invested 0.04% in Yelp Inc (NYSE:YELP). One Trading Lp holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 3,375 shares. Principal Fin last reported 13,855 shares in the company. Renaissance Ltd Liability Com accumulated 0% or 33,400 shares. Credit Suisse Ag reported 159,624 shares or 0.01% of all its holdings. Moreover, Calamos Limited has 0% invested in Yelp Inc (NYSE:YELP) for 20,000 shares. Ibm Retirement Fund accumulated 0.01% or 6,878 shares. Turner Lp, a Pennsylvania-based fund reported 11,300 shares. Legal & General Grp Plc reported 5,742 shares or 0% of all its holdings. Da Davidson & has 100 shares for 0% of their US portfolio. Lazard Asset Management Llc has invested 0.01% of its portfolio in Yelp Inc (NYSE:YELP).

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 31 selling transactions for $20.33 million net activity. Nachman Joseph R also sold $93,928 worth of Yelp Inc (NYSE:YELP) shares. The insider Stoppelman Jeremy sold 263,000 shares worth $10.52 million. Another trade for 4,000 shares valued at $146,354 was sold by Donaker Geoffrey L. Wilson Laurence had sold 22,500 shares worth $949,950. Shares for $295,098 were sold by Stoppelman Michael on Monday, August 22.

About 538,633 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 $3.07 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 EPS, up 110.34% or $0.32 from last year’s $-0.29 per share. YELP’s profit will be $2.39 million for 321.00 P/E if the $0.03 EPS becomes a reality. After $0.03 actual EPS reported by Yelp Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More news for Yelp Inc (NYSE:YELP) were recently published by: Fool.com, which released: “Why Yelp, Inc. Stock Jumped Today” on November 02, 2016. Streetinsider.com‘s article titled: “Form 4 YELP INC For: Nov 21 Filed by: Wilson Laurence” and published on November 25, 2016 is yet another important article.

YELP Company Profile

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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