SG3 Management LLC Acquires Shares of 20,100 Yandex NV (NASDAQ:YNDX)

SG3 Management LLC acquired a new position in Yandex NV (NASDAQ:YNDX) during the first quarter, HoldingsChannel.com reports. The fund acquired 20,100 shares of the information services provider’s stock, valued at approximately $690,000.

Other large investors have also recently modified their holdings of the company. TT International bought a new stake in shares of Yandex during the fourth quarter valued at approximately $53,935,000. Eagle Global Advisors LLC raised its position in shares of Yandex by 5.3% during the first quarter. Eagle Global Advisors LLC now owns 163,130 shares of the information services provider’s stock valued at $5,602,000 after buying an additional 8,170 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Yandex by 431.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,192,098 shares of the information services provider’s stock valued at $32,601,000 after buying an additional 967,625 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Yandex during the fourth quarter valued at approximately $30,000. Finally, Vanguard Group Inc. raised its position in shares of Yandex by 5.1% during the third quarter. Vanguard Group Inc. now owns 251,359 shares of the information services provider’s stock valued at $8,267,000 after buying an additional 12,187 shares during the last quarter. 66.18% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research report on Friday. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Zacks Investment Research upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. HSBC set a $45.00 price target on shares of Yandex and gave the stock a “buy” rating in a research report on Friday. Finally, UBS Group set a $45.00 price target on shares of Yandex and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.60.

YNDX traded down $0.53 during trading hours on Friday, hitting $38.32. The company’s stock had a trading volume of 34,649 shares, compared to its average volume of 2,109,222. Yandex NV has a 12 month low of $24.90 and a 12 month high of $39.70. The stock has a market capitalization of $12.44 billion, a PE ratio of 40.31 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.60 and a current ratio of 2.60.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $16.35 earnings per share for the quarter, topping the consensus estimate of $0.23 by $16.12. Yandex had a net margin of 36.20% and a return on equity of 11.81%. The company had revenue of $37.28 billion for the quarter, compared to analysts’ expectations of $36.03 billion. During the same quarter in the previous year, the business posted $11.96 earnings per share. Yandex’s quarterly revenue was up 40.3% on a year-over-year basis. As a group, research analysts forecast that Yandex NV will post 1.33 earnings per share for the current year.

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Yandex Company Profile

Yandex N.V., an Internet and technology company, 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.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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