State Street Corp reduced its position in shares of Yandex N.V. (NASDAQ:YNDX) by 16.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 721,867 shares of the information services provider’s stock after selling 146,432 shares during the period. State Street Corp owned 0.22% of Yandex worth $18,943,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in YNDX. Hosking Partners LLP increased its position in shares of Yandex by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 383,120 shares of the information services provider’s stock worth $10,053,000 after purchasing an additional 6,165 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Yandex by 86.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock worth $904,000 after acquiring an additional 15,999 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Yandex by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 5,387,122 shares of the information services provider’s stock worth $141,359,000 after acquiring an additional 401,041 shares during the last quarter. Vanguard Group Inc. grew its holdings in Yandex by 128.3% during the 1st quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock worth $7,427,000 after acquiring an additional 190,344 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Yandex by 328.3% in the 2nd quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock valued at $88,975,000 after purchasing an additional 2,599,072 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.
Yandex N.V. (YNDX) traded down $0.50 during mid-day trading on Monday, reaching $32.03. The company had a trading volume of 3,801,397 shares, compared to its average volume of 2,563,245. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47. The firm has a market capitalization of $10,597.46, a P/E ratio of 55.14, a PEG ratio of 1.73 and a beta of 2.80. Yandex N.V. has a fifty-two week low of $18.62 and a fifty-two week high of $35.32.
Yandex (NASDAQ:YNDX) last issued its earnings results on Tuesday, October 24th. The information services provider reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Yandex had a return on equity of 14.48% and a net margin of 7.32%. The firm had revenue of $404.00 million during the quarter. During the same period in the previous year, the firm posted $11.64 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. analysts anticipate that Yandex N.V. will post 0.57 EPS for the current fiscal year.
YNDX has been the topic of several recent research reports. Zacks Investment Research lowered shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Deutsche Bank lifted their price objective on shares of Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. VTB Capital downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America raised their target price on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, TheStreet downgraded shares of Yandex from a “b-” rating to a “c” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.89.
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Yandex 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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