Insider Trading: Yelp Inc (NYSE:YELP)’s Chief Operating Officer Joseph Nachman Sold 3,494 shares

November 25, 2016 - By Marie Mckinney

Insider Trading: Yelp Inc (NYSE:YELP)'s Chief Operating Officer Joseph Nachman Sold 3,494 shares

Joseph Nachman Insider Sell

Yelp Inc’s Chief Operating Officer Joseph Nachman unloaded 3,494 shares of the California-based company in a stock market sale dated 25-11-2016. The transaction’s shares were unloaded at an average price per share of $37.8, for an aggregate transaction of $132,062. Joseph is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 5,000 shares worth $192,272 USD. Joseph Nachman today owns 113,529 shares or 0.15% of the Company’s market capitalization.

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 “Buy” rating given by Maxim Group on Monday, September 26. The stock of Yelp Inc (NYSE:YELP) earned “Equal-Weight” rating by Barclays Capital on Thursday, October 29. The company was maintained on Tuesday, August 4 by Axiom Capital. Oppenheimer downgraded the stock to “Perform” rating in Wednesday, July 29 report. The firm earned “Neutral” rating on Monday, August 10 by Susquehanna. The firm earned “Outperform” rating on Wednesday, August 10 by Credit Suisse. The company was maintained on Wednesday, September 14 by Mizuho. The stock of Yelp Inc (NYSE:YELP) has “Buy” rating given on Wednesday, August 10 by Deutsche Bank. The company was maintained on Wednesday, December 30 by Suntrust Robinson. The rating was maintained by Northland Capital with “Under Perform” on Wednesday, July 29.

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.

The Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.81% in Yelp Inc (NYSE:YELP). Passport Limited Co owns 769,803 shares or 0.43% of their US portfolio. State Board Of Administration Of Florida Retirement accumulated 97,265 shares or 0.01% of the stock. Moreover, Apriem Advisors has 0.01% invested in Yelp Inc (NYSE:YELP) for 1,250 shares. Private Advisor Group Ltd Liability Corp has invested 0.01% of its portfolio in Yelp Inc (NYSE:YELP). Legal & General Grp Inc Public Ltd Company holds 5,742 shares or 0% of its portfolio. Rhumbline Advisers owns 60,743 shares or 0.01% of their US portfolio. Proxima Cap Mgmt Limited Liability, a New York-based fund reported 93,200 shares. Delta Lloyd Nv accumulated 53,902 shares or 0.05% of the stock. State Street accumulated 0% or 797,811 shares. Stonerise Cap Limited Liability Corporation reported 891,800 shares or 15.47% of all its holdings. Deutsche Comml Bank Ag holds 0.03% or 1.46 million shares in its portfolio. Millennium Management Limited Liability Com holds 0.06% of its portfolio in Yelp Inc (NYSE:YELP) for 831,246 shares. Ladenburg Thalmann Finance Serv holds 0% of its portfolio in Yelp Inc (NYSE:YELP) for 581 shares. Herald Investment Management has 1.14% invested in the company for 90,000 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 31 selling transactions for $20.33 million net activity. $159,540 worth of Yelp Inc (NYSE:YELP) was sold by Donaker Geoffrey L. Stoppelman Michael also sold $295,098 worth of Yelp Inc (NYSE:YELP) on Monday, August 22. Nachman Joseph R also sold $205,285 worth of Yelp Inc (NYSE:YELP) shares. Shares for $10.52M were sold by Stoppelman Jeremy on Thursday, September 22. Shares for $77,637 were sold by Wilson Laurence.

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 earnings per share, 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 earnings per share 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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