Axa Purchases New Position in Yandex NV (YNDX)

Axa purchased a new position in shares of Yandex NV (NASDAQ:YNDX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 236,945 shares of the information services provider’s stock, valued at approximately $7,807,000. Axa owned 0.07% of Yandex at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of Nova Scotia acquired a new stake in shares of Yandex in the 2nd quarter worth $1,658,000. Hosking Partners LLP lifted its stake in shares of Yandex by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 383,120 shares of the information services provider’s stock worth $10,053,000 after acquiring an additional 6,165 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Yandex by 86.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock worth $904,000 after acquiring an additional 15,999 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Yandex by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 5,387,122 shares of the information services provider’s stock worth $141,359,000 after acquiring an additional 401,041 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Yandex by 128.3% in the 1st quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock worth $7,427,000 after acquiring an additional 190,344 shares during the period. Hedge funds and other institutional investors own 65.82% of the company’s stock.

Yandex NV (YNDX) opened at $31.66 on Friday. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10,428.06, a PE ratio of 95.94, a PEG ratio of 1.70 and a beta of 2.80. Yandex NV has a twelve month low of $20.06 and a twelve month high of $35.32.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The business had revenue of $404.00 million during the quarter. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $11.64 EPS. analysts forecast that Yandex NV will post 0.57 earnings per share for the current fiscal year.

Several analysts have recently commented on YNDX shares. Goldman Sachs Group restated a “buy” rating and issued a $37.20 target price on shares of Yandex in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Yandex from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, October 5th. Deutsche Bank raised their target price on shares of Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. TheStreet cut shares of Yandex from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. Finally, VTB Capital cut shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.89.

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Yandex Profile

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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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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