SG Americas Securities LLC reduced its position in Yandex N.V. (NASDAQ:YNDX) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,452 shares of the information services provider’s stock after selling 2,039 shares during the quarter. SG Americas Securities LLC’s holdings in Yandex N.V. were worth $694,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Yandex N.V. by 128.3% during the first quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock worth $7,427,000 after buying an additional 190,344 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Yandex N.V. by 86.7% during the second quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock worth $904,000 after buying an additional 15,999 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Yandex N.V. by 123.9% during the first quarter. Quantbot Technologies LP now owns 44,386 shares of the information services provider’s stock worth $973,000 after buying an additional 24,565 shares in the last quarter. Soros Fund Management LLC acquired a new position in shares of Yandex N.V. during the first quarter worth about $8,649,000. Finally, Boston Partners lifted its stake in Yandex N.V. by 24.8% during the first quarter. Boston Partners now owns 683,146 shares of the information services provider’s stock worth $14,981,000 after purchasing an additional 135,849 shares during the last quarter. 67.56% of the stock is owned by institutional investors.
Shares of Yandex N.V. (YNDX) opened at 32.19 on Friday. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $33.61. The stock has a market cap of $10.46 billion, a PE ratio of 40.79 and a beta of 2.84. The stock’s 50 day moving average price is $30.45 and its 200 day moving average price is $27.00.
Yandex N.V. (NASDAQ:YNDX) last announced its earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). The business had revenue of $374.10 million for the quarter. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. Yandex N.V.’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.05 earnings per share. On average, equities research analysts anticipate that Yandex N.V. will post $0.80 EPS for the current fiscal year.
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Several research firms recently weighed in on YNDX. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $37.20 target price on shares of Yandex N.V. in a research note on Tuesday, September 5th. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, August 3rd. TheStreet upgraded Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. Credit Suisse Group boosted their price objective on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Renaissance Capital reiterated a “sell” rating and issued a $24.30 price objective (up previously from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.89.
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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