Koch Industries Inc. acquired a new position in shares of Yandex N.V. (NASDAQ:YNDX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 343,959 shares of the information services provider’s stock, valued at approximately $331,000. Koch Industries Inc. owned about 0.11% of Yandex N.V. at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bank of Nova Scotia acquired a new stake in Yandex N.V. in the 2nd quarter valued at about $1,658,000. Advisors Asset Management Inc. grew its stake in Yandex N.V. by 86.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock valued at $904,000 after acquiring an additional 15,999 shares during the last quarter. Hosking Partners LLP grew its stake in Yandex N.V. by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 383,120 shares of the information services provider’s stock valued at $10,053,000 after acquiring an additional 6,165 shares during the last quarter. Wells Fargo & Company MN grew its stake in Yandex N.V. by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 5,387,122 shares of the information services provider’s stock valued at $141,359,000 after acquiring an additional 401,041 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Yandex N.V. by 128.3% in the 1st quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock valued at $7,427,000 after acquiring an additional 190,344 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.
A number of research analysts have issued reports on YNDX shares. Zacks Investment Research lowered shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Credit Suisse Group upped their target price on shares of Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. VTB Capital upgraded shares of 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. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $37.20 price target on shares of Yandex N.V. in a report on Tuesday, September 5th. Finally, TheStreet downgraded shares of Yandex N.V. from a “b-” rating to a “c” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.73.
Yandex N.V. (NASDAQ:YNDX) traded up 0.67% during trading on Friday, reaching $32.90. 680,910 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $32.41 and its 200-day moving average price is $29.03. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $34.27. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 41.70 and a beta of 2.82.
Yandex N.V. (NASDAQ:YNDX) last issued its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Yandex N.V. had a return on equity of 14.48% and a net margin of 7.32%. The company had revenue of $404.00 million for the quarter. During the same quarter in the previous year, the business posted $11.64 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities analysts expect that Yandex N.V. will post $0.77 earnings per share for the current year.
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Yandex N.V. Company 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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