Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $37.98, for a total value of $75,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of YELP opened at $37.98 on Friday. The company has a market cap of $3.01 billion, a P/E ratio of 542.57, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. Yelp Inc has a 12-month low of $29.33 and a 12-month high of $52.50.
Yelp (NYSE:YELP) last issued its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. The company had revenue of $241.10 million for the quarter, compared to the consensus estimate of $245.55 million. Yelp had a return on equity of 1.34% and a net margin of 18.04%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. On average, equities analysts forecast that Yelp Inc will post 0.37 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Yelp by 39.8% during the 4th quarter. BlackRock Inc. now owns 10,848,499 shares of the local business review company’s stock valued at $379,588,000 after purchasing an additional 3,088,064 shares during the period. PNC Financial Services Group Inc. raised its stake in Yelp by 271.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the local business review company’s stock valued at $78,000 after purchasing an additional 1,627 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Yelp during the 4th quarter valued at approximately $735,000. First Trust Advisors LP raised its stake in Yelp by 138.4% during the 4th quarter. First Trust Advisors LP now owns 68,515 shares of the local business review company’s stock valued at $2,397,000 after purchasing an additional 39,780 shares during the period. Finally, Eaton Vance Management raised its stake in Yelp by 2.7% during the 4th quarter. Eaton Vance Management now owns 149,514 shares of the local business review company’s stock valued at $5,231,000 after purchasing an additional 3,906 shares during the period. 89.47% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This article was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://dakotafinancialnews.com/2019/02/10/yelp-inc-yelp-director-geoffrey-l-donaker-sells-2000-shares-2.html.
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
Read More: What is a Derivative?
Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.