Advisor Group Inc. lifted its stake in Yandex N.V. (NASDAQ:YNDX) by 34.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,738 shares of the information services provider’s stock after acquiring an additional 7,602 shares during the quarter. Advisor Group Inc.’s holdings in Yandex were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of YNDX. American Century Companies Inc. increased its stake in shares of Yandex by 328.3% in the second quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock worth $88,975,000 after acquiring an additional 2,599,072 shares during the last quarter. Emerging Sovereign Group LLC acquired a new position in shares of Yandex in the second quarter worth $53,695,000. Newbrook Capital Advisors LP acquired a new position in shares of Yandex in the second quarter worth $50,062,000. Acadian Asset Management LLC increased its stake in shares of Yandex by 68.5% in the second quarter. Acadian Asset Management LLC now owns 4,473,842 shares of the information services provider’s stock worth $117,393,000 after acquiring an additional 1,819,154 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Yandex by 65.2% in the second quarter. Lazard Asset Management LLC now owns 3,301,761 shares of the information services provider’s stock worth $86,638,000 after acquiring an additional 1,302,748 shares during the last quarter. 65.85% of the stock is currently owned by institutional investors and hedge funds.
Yandex N.V. (NASDAQ YNDX) traded up $0.25 during mid-day trading on Wednesday, reaching $32.62. 2,428,118 shares of the company’s stock were exchanged, compared to its average volume of 2,563,660. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47. Yandex N.V. has a one year low of $19.06 and a one year high of $35.32. The company has a market capitalization of $10,434.57, a PE ratio of 54.29, a price-to-earnings-growth ratio of 1.70 and a beta of 2.80.
Several research firms have commented on YNDX. Bank of America increased their target price on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. VTB Capital downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Yandex from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, October 5th. Deutsche Bank increased their target price on shares of Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, BidaskClub downgraded shares of Yandex from a “hold” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Yandex has a consensus rating of “Hold” and a consensus target price of $36.89.
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Yandex Company Profile
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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