OLD National Bancorp IN trimmed its holdings in shares of Yandex N.V. (NASDAQ:YNDX) by 60.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,448 shares of the information services provider’s stock after selling 15,720 shares during the quarter. OLD National Bancorp IN’s holdings in Yandex N.V. were worth $344,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Penserra Capital Management LLC lifted its stake in shares of Yandex N.V. by 75.0% in the third 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 during the period. Aperio Group LLC bought a new stake in shares of Yandex N.V. in the third quarter valued at about $342,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Yandex N.V. in the third quarter valued at about $1,794,000. Eqis Capital Management Inc. lifted its stake in Yandex N.V. by 18.0% during the third quarter. Eqis Capital Management Inc. now owns 27,913 shares of the information services provider’s stock worth $920,000 after purchasing an additional 4,261 shares during the period. Finally, Koch Industries Inc. bought a new position in Yandex N.V. during the second quarter worth about $331,000. 63.09% of the stock is currently owned by institutional investors.
Yandex N.V. (YNDX) opened at $30.99 on Friday. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $34.83. The firm has a market cap of $10,095.77, a PE ratio of 52.53, a PEG ratio of 2.04 and a beta of 2.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47.
Yandex N.V. (NASDAQ:YNDX) last posted its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $404.00 million during the quarter. Yandex N.V. had a net margin of 7.32% and a return on equity of 14.48%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $11.64 EPS. research analysts predict that Yandex N.V. will post 0.52 earnings per share for the current fiscal year.
YNDX has been the subject of a number of research reports. Zacks Investment Research lowered shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Thursday, August 3rd. Deutsche Bank AG lifted their target price on shares of Yandex N.V. from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Credit Suisse Group lifted their target price on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $37.30 price target on shares of Yandex N.V. in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.73.
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About Yandex N.V.
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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