Yandex NV (YNDX) Position Lowered by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its stake in Yandex NV (NASDAQ:YNDX) by 84.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 919,800 shares of the information services provider’s stock after selling 5,117,194 shares during the period. Point72 Asset Management L.P. owned approximately 0.28% of Yandex worth $30,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in YNDX. OppenheimerFunds Inc. raised its position in Yandex by 105.6% during the third quarter. OppenheimerFunds Inc. now owns 18,348,459 shares of the information services provider’s stock worth $603,480,000 after acquiring an additional 9,423,857 shares during the last quarter. Genesis Asset Managers LLP raised its position in Yandex by 1,536.8% during the third quarter. Genesis Asset Managers LLP now owns 3,543,337 shares of the information services provider’s stock worth $116,044,000 after acquiring an additional 3,326,862 shares during the last quarter. OZ Management LP acquired a new position in Yandex during the third quarter worth about $87,615,000. Capital International Investors raised its position in Yandex by 434.1% during the third quarter. Capital International Investors now owns 2,090,508 shares of the information services provider’s stock worth $68,757,000 after acquiring an additional 1,699,108 shares during the last quarter. Finally, Light Street Capital Management LLC raised its position in Yandex by 72.4% during the second quarter. Light Street Capital Management LLC now owns 3,074,832 shares of the information services provider’s stock worth $110,386,000 after acquiring an additional 1,291,801 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Shares of YNDX opened at $28.01 on Friday. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 28.01 and a beta of 2.41. Yandex NV has a 12-month low of $24.90 and a 12-month high of $44.49.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings data 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 during the quarter. Yandex had a net margin of 37.72% and a return on equity of 12.70%. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned $7.16 EPS. Equities analysts expect that Yandex NV will post 0.81 EPS for the current year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. BidaskClub upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Bank of America cut their target price on shares of Yandex from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. UBS Group set a $43.00 target price on shares of Yandex and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Deutsche Bank cut their target price on shares of Yandex from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.33.

ILLEGAL ACTIVITY NOTICE: “Yandex NV (YNDX) Position Lowered by Point72 Asset Management L.P.” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/12/16/yandex-nv-yndx-position-lowered-by-point72-asset-management-l-p.html.

Yandex Profile

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.

Featured Story: Return on Investment (ROI)

Want to see what other hedge funds are holding YNDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yandex NV (NASDAQ:YNDX).

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit