Standard Life Investments LTD continued to hold its position in shares of Yandex N.V. (NASDAQ:YNDX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,839 shares of the information services provider’s stock at the end of the second quarter. Standard Life Investments LTD owned approximately 0.05% of Yandex N.V. worth $4,587,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in YNDX. Advisors Asset Management Inc. increased its holdings in Yandex N.V. by 209.6% in the 1st quarter. Advisors Asset Management Inc. now owns 18,446 shares of the information services provider’s stock valued at $405,000 after buying an additional 12,488 shares during the period. Comerica Bank bought a new position in Yandex N.V. in the 1st quarter valued at about $249,000. Airain ltd bought a new position in Yandex N.V. in the 1st quarter valued at about $1,036,000. Envestnet Asset Management Inc. increased its holdings in Yandex N.V. by 6.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 56,585 shares of the information services provider’s stock valued at $1,242,000 after buying an additional 3,409 shares during the period. Finally, M&T Bank Corp increased its holdings in Yandex N.V. by 19.4% in the 1st quarter. M&T Bank Corp now owns 121,457 shares of the information services provider’s stock valued at $2,663,000 after buying an additional 19,718 shares during the period. 67.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Yandex N.V. (NASDAQ:YNDX) traded up 1.80% during midday trading on Friday, hitting $32.78. 684,370 shares of the company traded hands. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $33.61. The stock has a market capitalization of $10.65 billion, a PE ratio of 41.55 and a beta of 2.84. The stock has a 50 day moving average of $30.45 and a 200-day moving average of $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 analysts’ consensus estimates of $0.23 by ($0.03). The company had revenue of $374.10 million during 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 company earned $12.05 earnings per share. Equities analysts forecast that Yandex N.V. will post $0.80 earnings per share for the current fiscal year.
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Several equities analysts have commented on YNDX shares. Zacks Investment Research lowered shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a report on Tuesday, September 5th. HSBC Holdings plc reissued a “buy” rating and issued a $34.60 target price (up from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Credit Suisse Group raised their target price on shares of Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Yandex N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently 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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