Bank of America Corp DE increased its position in shares of Yandex N.V. (NASDAQ:YNDX) by 36.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 217,488 shares of the information services provider’s stock after buying an additional 57,562 shares during the period. Bank of America Corp DE owned approximately 0.07% of Yandex N.V. worth $4,770,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Yandex N.V. by 34.1% in the fourth quarter. State Street Corp now owns 858,277 shares of the information services provider’s stock valued at $17,273,000 after buying an additional 218,394 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Yandex N.V. during the fourth quarter worth about $651,000. WCM Investment Management CA raised its position in shares of Yandex N.V. by 5.2% in the first quarter. WCM Investment Management CA now owns 14,799,163 shares of the information services provider’s stock worth $324,546,000 after buying an additional 732,504 shares during the period. Bank of Montreal Can raised its position in Yandex N.V. by 88.8% in the first quarter. Bank of Montreal Can now owns 714,932 shares of the information services provider’s stock worth $15,679,000 after buying an additional 336,209 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Yandex N.V. during the first quarter worth $353,000. Institutional investors and hedge funds own 71.72% of the company’s stock.
Shares of Yandex N.V. (NASDAQ:YNDX) traded down 1.75% during midday trading on Friday, hitting $29.81. 1,891,824 shares of the stock were exchanged. The company has a market cap of $9.69 billion, a PE ratio of 37.78 and a beta of 2.86. Yandex N.V. has a 12-month low of $17.28 and a 12-month high of $32.44. The firm has a 50-day moving average price of $29.48 and a 200-day moving average price of $26.01.
Yandex N.V. (NASDAQ:YNDX) last released its earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The business had revenue of $374.10 million for the quarter. During the same quarter in the previous year, the firm posted $12.05 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts predict that Yandex N.V. will post $0.78 EPS for the current year.
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A number of equities analysts have weighed in on YNDX shares. Zacks Investment Research upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, May 30th. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, August 3rd. Deutsche Bank AG reiterated a “buy” rating and issued a $35.00 price objective (up from $28.00) on shares of Yandex N.V. in a report on Saturday, April 29th. Credit Suisse Group boosted their target price on Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, BidaskClub cut Yandex N.V. from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Yandex N.V. has a consensus rating of “Buy” and a consensus price target of $31.92.
About Yandex N.V.
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.
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