Yandex NV (YNDX) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in Yandex NV (NASDAQ:YNDX) by 25.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,263,765 shares of the information services provider’s stock after buying an additional 671,188 shares during the quarter. William Blair Investment Management LLC owned approximately 0.99% of Yandex worth $107,345,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in YNDX. Genesis Asset Managers LLP lifted its position in Yandex by 1,536.8% in the 3rd quarter. Genesis Asset Managers LLP now owns 3,543,337 shares of the information services provider’s stock worth $116,044,000 after buying an additional 3,326,862 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Yandex by 37.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 8,924,602 shares of the information services provider’s stock worth $320,392,000 after buying an additional 2,427,233 shares in the last quarter. Light Street Capital Management LLC lifted its position in Yandex by 72.4% in the 2nd quarter. Light Street Capital Management LLC now owns 3,074,832 shares of the information services provider’s stock worth $110,386,000 after buying an additional 1,291,801 shares in the last quarter. BlackRock Inc. lifted its position in Yandex by 24.1% in the 2nd quarter. BlackRock Inc. now owns 6,161,700 shares of the information services provider’s stock worth $221,204,000 after buying an additional 1,195,070 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Yandex by 681.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 995,336 shares of the information services provider’s stock worth $35,733,000 after buying an additional 867,900 shares in the last quarter. Institutional investors own 73.71% of the company’s stock.

A number of research firms have issued reports on YNDX. Zacks Investment Research downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. BidaskClub upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, Bank of America cut their price target on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 5th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Yandex has a consensus rating of “Buy” and an average price target of $41.33.

Shares of Yandex stock traded down $0.09 during midday trading on Friday, reaching $29.07. 9,178 shares of the company’s stock traded hands, compared to its average volume of 2,756,161. The company has a market capitalization of $9.83 billion, a P/E ratio of 35.87 and a beta of 2.43. Yandex NV has a 52 week low of $24.90 and a 52 week high of $44.49.

Yandex (NASDAQ:YNDX) last released its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $496.60 million for the quarter. Yandex had a net margin of 37.72% and a return on equity of 12.70%. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.16 EPS. As a group, equities research analysts anticipate that Yandex NV will post 0.81 EPS for the current year.

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About Yandex

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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