Insiders Worth Watching: Yelp Inc (NYSE:YELP)’s Insider Laurence Wilson Unloaded 2,888 Shares of the Company

November 25, 2016 - By Winifred Garcia

Insiders Worth Watching: Yelp Inc (NYSE:YELP)'s Insider Laurence Wilson Unloaded 2,888 Shares of the Company

Laurence Wilson Insider Sell

The well informed man Laurence Wilson who is SVP – Legal & User Operations of Yelp Inc made a sale of 2,888 shares of the corporation having a market value of $109,152 USD which is based on a stock price of $37.8 a share. Laurence Wilson presently holds 158,563 shares or 0.20% of Yelp Inc’s market cap.

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 company was downgraded on Wednesday, July 29 by Oppenheimer. The stock of Yelp Inc (NYSE:YELP) earned “Equal Weight” rating by Morgan Stanley on Wednesday, July 29. The firm has “Outperform” rating given on Wednesday, August 10 by Credit Suisse. As per Wednesday, August 10, the company rating was maintained by Deutsche Bank. Topeka Capital Markets downgraded the shares of YELP in a report on Wednesday, July 29 to “Hold” rating. The company was upgraded on Wednesday, August 10 by Mizuho. The stock of Yelp Inc (NYSE:YELP) earned “Hold” rating by Axiom Capital on Tuesday, August 4. Needham maintained Yelp Inc (NYSE:YELP) rating on Thursday, June 23. Needham has “Buy” rating and $34 price target. The stock has “Sell” rating given by TH Capital on Wednesday, October 28. The firm earned “Neutral” rating on Wednesday, August 10 by Citigroup.

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. 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.

Us Bank De, a Minnesota-based fund reported 121 shares. Ar Schmeidler Comm has invested 0.73% of its portfolio in Yelp Inc (NYSE:YELP). State Board Of Administration Of Florida Retirement System holds 0.01% or 97,265 shares in its portfolio. International holds 0% or 1,816 shares in its portfolio. Blackrock reported 69,152 shares or 0% of all its holdings. Criterion Mngmt Ltd Liability has 1.57% invested in the company for 1.08M shares. Hanseatic Management last reported 0% of its portfolio in the stock. Huntington Bancorporation last reported 0% of its portfolio in the stock. Rbf Cap Ltd Limited Liability Company holds 0.19% of its portfolio in Yelp Inc (NYSE:YELP) for 31,000 shares. Moreover, Comml Bank Of Ny Mellon Corp has 0% invested in Yelp Inc (NYSE:YELP) for 217,663 shares. Da Davidson And has 100 shares for 0% of their US portfolio. Creative Planning accumulated 0% or 8,029 shares. Macquarie Gru Limited accumulated 1.45 million shares or 0.09% of the stock. Deutsche Bancorporation Ag holds 0.03% or 1.46M shares in its portfolio. Royal Savings Bank Of Canada accumulated 0.01% or 637,566 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 31 insider sales for $20.33 million net activity. Another trade for 4,000 shares valued at $131,775 was made by Donaker Geoffrey L on Tuesday, November 1. 20,288 Yelp Inc (NYSE:YELP) shares with value of $872,181 were sold by Nachman Joseph R. Another trade for 13,000 shares valued at $539,899 was sold by Stoppelman Jeremy. Wilson Laurence sold 2,073 shares worth $77,637. 5,000 shares were sold by Stoppelman Michael, worth $171,796 on Thursday, October 20.

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 $2.39M 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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