Koch Industries Inc. Buys New Holdings in Yandex N.V. (NASDAQ:YNDX)

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.

Institutional Ownership by Quarter for Yandex N.V. (NASDAQ:YNDX)

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