Yandex NV (YNDX) Position Cut by Point72 Asset Management L.P.

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Point72 Asset Management L.P. trimmed its stake in Yandex NV (NASDAQ:YNDX) by 84.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 919,800 shares of the information services provider’s stock after selling 5,117,194 shares during the quarter. Point72 Asset Management L.P.’s holdings in Yandex were worth $30,252,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its stake in Yandex by 80,000.0% during the second quarter. BNP Paribas Arbitrage SA now owns 8,010 shares of the information services provider’s stock worth $288,000 after buying an additional 8,000 shares during the period. Bank of New York Mellon Corp grew its stake in Yandex by 32.6% during the second quarter. Bank of New York Mellon Corp now owns 2,425,123 shares of the information services provider’s stock worth $87,062,000 after buying an additional 596,470 shares during the period. Quantitative Systematic Strategies LLC grew its stake in Yandex by 106.3% during the second quarter. Quantitative Systematic Strategies LLC now owns 35,089 shares of the information services provider’s stock worth $1,260,000 after buying an additional 18,079 shares during the period. Canada Pension Plan Investment Board grew its stake in Yandex by 681.0% during the second quarter. Canada Pension Plan Investment Board now owns 995,336 shares of the information services provider’s stock worth $35,733,000 after buying an additional 867,900 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Yandex by 12.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 78,272 shares of the information services provider’s stock worth $2,810,000 after buying an additional 8,426 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Deutsche Bank decreased their price objective on shares of Yandex from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. ValuEngine upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. BidaskClub upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Finally, Bank of America decreased their price objective on shares of Yandex from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $41.33.

Shares of YNDX stock opened at $28.01 on Friday. The firm has a market capitalization of $9.20 billion, a PE ratio of 28.01 and a beta of 2.41. Yandex NV has a twelve month low of $24.90 and a twelve month high of $44.49.

Yandex (NASDAQ:YNDX) last announced its earnings results on Monday, October 29th. The information services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $496.60 million during the quarter. Yandex had a net margin of 37.72% and a return on equity of 12.70%. Yandex’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter last year, the company posted $7.16 earnings per share. As a group, analysts anticipate that Yandex NV will post 0.81 EPS for the current fiscal year.

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Yandex 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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