Shah Capital Management Takes $322,000 Position in Yandex (NASDAQ:YNDX)

Shah Capital Management bought a new stake in shares of Yandex (NASDAQ:YNDX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,000 shares of the information services provider’s stock, valued at approximately $322,000. Yandex comprises 0.1% of Shah Capital Management’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds have also modified their holdings of the company. Schroder Investment Management Group lifted its holdings in shares of Yandex by 3.6% during the third quarter. Schroder Investment Management Group now owns 6,827,261 shares of the information services provider’s stock valued at $129,308,000 after purchasing an additional 235,216 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Yandex by 48.7% during the third quarter. Envestnet Asset Management Inc. now owns 171,259 shares of the information services provider’s stock valued at $3,244,000 after purchasing an additional 56,077 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Yandex by 11.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,984 shares of the information services provider’s stock worth $132,000 after acquiring an additional 718 shares in the last quarter. Finally, NS Partners Ltd purchased a new stake in Yandex in the 3rd quarter worth about $633,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Yandex Stock Down 6.8 %

Yandex stock traded down $1.38 during mid-day trading on Monday, hitting $18.94. The company’s stock had a trading volume of 28,271,400 shares, compared to its average volume of 6,723,987. The firm’s 50 day moving average is $18.94 and its 200 day moving average is $18.94. The company has a market cap of $6.71 billion, a PE ratio of 31.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.83. Yandex has a 52-week low of $14.11 and a 52-week high of $87.11.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $2.78 billion during the quarter. Yandex had a return on equity of 8.59% and a net margin of 2.50%.

Yandex Profile

Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company operates through Search and Portal, Ride-Hailing, Yandex Drive, FoodTech, Yandex Delivery, Yandex Market, Media Services, Classifieds, and Other Business Units and Initiatives segments.