Global X MANAGEMENT CO LLC grew its holdings in Yandex N.V. (NASDAQ:YNDX) by 15.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 277,927 shares of the information services provider’s stock after purchasing an additional 37,838 shares during the period. Global X MANAGEMENT CO LLC owned about 0.09% of Yandex N.V. worth $9,158,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. acquired a new position in shares of Yandex N.V. in the 3rd quarter valued at about $864,000. American Century Companies Inc. increased its holdings in shares of Yandex N.V. by 27.8% in the 3rd quarter. American Century Companies Inc. now owns 4,333,538 shares of the information services provider’s stock valued at $142,790,000 after purchasing an additional 942,720 shares during the period. DSAM Partners London Ltd increased its holdings in shares of Yandex N.V. by 1,248.2% in the 3rd quarter. DSAM Partners London Ltd now owns 1,012,159 shares of the information services provider’s stock valued at $33,351,000 after purchasing an additional 937,082 shares during the period. Westpac Banking Corp increased its holdings in shares of Yandex N.V. by 82.6% in the 3rd quarter. Westpac Banking Corp now owns 39,260 shares of the information services provider’s stock valued at $1,294,000 after purchasing an additional 17,760 shares during the period. Finally, Penserra Capital Management LLC grew its stake in shares of Yandex N.V. by 75.0% in the 3rd quarter. Penserra Capital Management LLC now owns 452,986 shares of the information services provider’s stock valued at $14,925,000 after buying an additional 194,112 shares in the last quarter. Institutional investors own 63.09% of the company’s stock.
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Shares of Yandex N.V. (NASDAQ YNDX) traded down $0.93 during trading on Friday, reaching $30.99. The company’s stock had a trading volume of 3,913,900 shares, compared to its average volume of 2,647,490. The company has a market capitalization of $10,095.77, a PE ratio of 52.53, a P/E/G ratio of 2.04 and a beta of 2.84. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.22. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $34.83.
Yandex N.V. (NASDAQ:YNDX) last announced its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $404.00 million during the quarter. Yandex N.V. had a return on equity of 14.48% and a net margin of 7.32%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $11.64 EPS. analysts expect that Yandex N.V. will post 0.52 EPS for the current year.
Several equities research analysts recently commented on the company. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.20 price target on shares of Yandex N.V. in a research note on Tuesday, September 5th. TheStreet cut Yandex N.V. from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised Yandex N.V. from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. VTB Capital cut Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Credit Suisse Group boosted their price target on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Yandex N.V. has a consensus rating of “Hold” and an average price target of $35.73.
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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