Oppenheimer Asset Management Inc. purchased a new stake in shares of Yandex N.V. (NASDAQ:YNDX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,372 shares of the information services provider’s stock, valued at approximately $271,000.
A number of other large investors have also made changes to their positions in YNDX. Quantbot Technologies LP increased its stake in shares of Yandex N.V. by 123.9% in the first quarter. Quantbot Technologies LP now owns 44,386 shares of the information services provider’s stock valued at $973,000 after buying an additional 24,565 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Yandex N.V. by 88.8% in the first quarter. Bank of Montreal Can now owns 714,932 shares of the information services provider’s stock valued at $15,679,000 after buying an additional 336,209 shares in the last quarter. Boston Partners increased its stake in shares of Yandex N.V. by 24.8% in the first quarter. Boston Partners now owns 683,146 shares of the information services provider’s stock valued at $14,981,000 after buying an additional 135,849 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Yandex N.V. by 53.3% in the first quarter. Eqis Capital Management Inc. now owns 19,840 shares of the information services provider’s stock valued at $435,000 after buying an additional 6,901 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yandex N.V. during the first quarter valued at about $700,000. 70.61% of the stock is owned by institutional investors and hedge funds.
Yandex N.V. (YNDX) opened at 26.50 on Wednesday. The company has a market cap of $8.58 billion, a PE ratio of 41.02 and a beta of 2.85. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $29.13. The firm’s 50-day moving average price is $27.17 and its 200 day moving average price is $24.02. Yandex N.V. also was the recipient of some unusual options trading on Monday. Stock investors bought 5,272 call options on the company. This is an increase of approximately 609% compared to the typical daily volume of 744 call options.
Yandex N.V. (NASDAQ:YNDX) last issued its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $20.65 billion for the quarter. Yandex N.V. had a net margin of 8.07% and a return on equity of 14.52%. Yandex N.V.’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.81 earnings per share. On average, equities analysts predict that Yandex N.V. will post $0.84 EPS for the current fiscal year.
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Several equities research analysts have issued reports on YNDX shares. Zacks Investment Research raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, May 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $35.00 price target (up previously from $28.00) on shares of Yandex N.V. in a report on Saturday, April 29th. Standpoint Research downgraded Yandex N.V. from a “buy” rating to a “hold” rating in a report on Friday, April 7th. BidaskClub downgraded Yandex N.V. from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Finally, VTB Capital raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Yandex N.V. currently has an average rating of “Buy” and an average target price of $28.55.
About Yandex N.V.
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.
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