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.
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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