Yandex N.V. (YNDX) Holdings Trimmed by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Yandex N.V. (NASDAQ:YNDX) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,038 shares of the information services provider’s stock after selling 56,618 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Yandex worth $7,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in YNDX. Financial Counselors Inc. increased its holdings in Yandex by 3.0% during the second quarter. Financial Counselors Inc. now owns 12,850 shares of the information services provider’s stock worth $337,000 after buying an additional 370 shares during the last quarter. Parallel Advisors LLC increased its holdings in Yandex by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after buying an additional 472 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Yandex by 8.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,359 shares of the information services provider’s stock worth $351,000 after buying an additional 987 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Yandex by 5.6% in the second quarter. Neuberger Berman Group LLC now owns 19,257 shares of the information services provider’s stock valued at $505,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Sawtooth Solutions LLC increased its holdings in shares of Yandex by 3.8% in the second quarter. Sawtooth Solutions LLC now owns 35,122 shares of the information services provider’s stock valued at $922,000 after purchasing an additional 1,280 shares during the last quarter. 65.85% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on YNDX shares. Bank of America upped their price objective on shares of Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a report on Monday, November 27th. Zacks Investment Research upgraded shares of Yandex from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, October 5th. Goldman Sachs Group restated a “buy” rating and issued a $37.20 price target on shares of Yandex in a research note on Tuesday, September 5th. Deutsche Bank upped their price objective 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, TheStreet cut shares of Yandex from a “b-” rating to a “c” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Yandex presently has an average rating of “Hold” and a consensus target price of $36.89.

Yandex N.V. (NASDAQ:YNDX) opened at $32.37 on Wednesday. The stock has a market capitalization of $10,434.57, a P/E ratio of 54.29, a PEG ratio of 1.70 and a beta of 2.80. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.22. Yandex N.V. has a 52 week low of $19.01 and a 52 week high of $35.32.

Yandex (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $404.00 million during the quarter. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $11.64 EPS. analysts expect that Yandex N.V. will post 0.57 EPS for the current fiscal year.

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About Yandex

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.

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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