Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $46.38, for a total transaction of $278,280.00. Following the completion of the transaction, the director now directly owns 10,055 shares in the company, valued at approximately $466,350.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Yelp Inc (NYSE YELP) traded down $0.33 on Friday, hitting $45.92. 844,641 shares of the stock traded hands, compared to its average volume of 1,514,643. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The stock has a market capitalization of $3,876.53, a P/E ratio of 26.76, a P/E/G ratio of 7.15 and a beta of 1.11.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.16. Yelp had a net margin of 18.05% and a return on equity of 0.23%. The business had revenue of $218.25 million for the quarter, compared to the consensus estimate of $215.12 million. analysts expect that Yelp Inc will post 0.25 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Yelp by 10.4% in the fourth quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock worth $232,190,000 after purchasing an additional 521,218 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Yelp by 9.5% in the fourth quarter. Allianz Asset Management GmbH now owns 3,201,061 shares of the local business review company’s stock worth $134,317,000 after purchasing an additional 277,146 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Yelp by 20.8% in the fourth quarter. William Blair Investment Management LLC now owns 3,167,281 shares of the local business review company’s stock worth $132,899,000 after purchasing an additional 546,282 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Yelp by 6.5% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,544,615 shares of the local business review company’s stock worth $106,772,000 after purchasing an additional 154,785 shares during the last quarter. Finally, Jackson Square Partners LLC grew its holdings in shares of Yelp by 3.0% in the fourth quarter. Jackson Square Partners LLC now owns 2,133,435 shares of the local business review company’s stock worth $89,518,000 after purchasing an additional 62,398 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.
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Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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