Envestnet Asset Management Inc. lifted its position in shares of Yandex (NASDAQ:YNDX) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,679 shares of the information services provider’s stock after buying an additional 15,400 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Yandex were worth $2,807,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. WCM Investment Management CA grew its holdings in Yandex by 6.5% in the fourth quarter. WCM Investment Management CA now owns 16,745,927 shares of the information services provider’s stock valued at $548,429,000 after purchasing an additional 1,020,532 shares during the period. OppenheimerFunds Inc. purchased a new stake in Yandex in the fourth quarter valued at approximately $167,376,000. Sands Capital Management LLC grew its holdings in Yandex by 5.2% in the fourth quarter. Sands Capital Management LLC now owns 3,180,454 shares of the information services provider’s stock valued at $104,160,000 after purchasing an additional 157,700 shares during the period. Bamco Inc. NY grew its holdings in Yandex by 2.3% in the fourth quarter. Bamco Inc. NY now owns 2,374,022 shares of the information services provider’s stock valued at $77,749,000 after purchasing an additional 52,437 shares during the period. Finally, EastBay Asset Management LLC grew its holdings in Yandex by 3.2% in the fourth quarter. EastBay Asset Management LLC now owns 1,833,139 shares of the information services provider’s stock valued at $60,035,000 after purchasing an additional 56,111 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.
YNDX opened at $39.39 on Friday. Yandex has a 52-week low of $21.40 and a 52-week high of $44.49. The company has a market cap of $12,941.22, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 0.92 and a beta of 2.67.
Yandex (NASDAQ:YNDX) last released its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Yandex had a net margin of 9.32% and a return on equity of 17.70%. The company had revenue of $483.70 million during the quarter. During the same quarter in the prior year, the firm earned $9.94 earnings per share. Yandex’s quarterly revenue was up 26.0% compared to the same quarter last year. sell-side analysts predict that Yandex will post 1.23 EPS for the current year.
A number of equities research analysts recently issued reports on YNDX shares. Deutsche Bank boosted their target price on shares of Yandex to $50.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. BidaskClub upgraded shares of Yandex from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. TheStreet upgraded shares of Yandex from a “c” rating to a “b+” rating in a report on Thursday, February 15th. JPMorgan Chase restated an “overweight” rating and issued a $47.00 target price on shares of Yandex in a report on Thursday, February 8th. Finally, Citigroup upgraded shares of Yandex from a “neutral” rating to a “buy” rating and boosted their target price for the company from $39.25 to $40.00 in a report on Thursday, March 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.91.
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Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices. It provides maps and location-based services, such as Yandex.Maps, Yandex.Navigator, and Yandex.Transport; Yandex.Mail that provides users access to their email accounts; Yandex.Disk, a cloud-based storage service; Yandex.News, an online news aggregation service; Yandex.Weather, a service that offers hyperlocal weather information; and Yandex Browser for desktops and mobile platforms.
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