Yandex NV (YNDX) Holdings Increased by Light Street Capital Management LLC

Light Street Capital Management LLC grew its position in shares of Yandex NV (NASDAQ:YNDX) by 72.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,074,832 shares of the information services provider’s stock after buying an additional 1,291,801 shares during the quarter. Yandex makes up about 7.7% of Light Street Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Light Street Capital Management LLC owned 0.94% of Yandex worth $110,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. WCM Investment Management CA lifted its position in shares of Yandex by 4.5% during the first quarter. WCM Investment Management CA now owns 17,504,854 shares of the information services provider’s stock worth $690,566,000 after purchasing an additional 758,927 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Yandex by 37.4% during the second quarter. OppenheimerFunds Inc. now owns 8,924,602 shares of the information services provider’s stock worth $320,392,000 after purchasing an additional 2,427,233 shares in the last quarter. Carmignac Gestion lifted its position in shares of Yandex by 0.3% during the first quarter. Carmignac Gestion now owns 6,942,417 shares of the information services provider’s stock worth $273,878,000 after purchasing an additional 18,643 shares in the last quarter. BlackRock Inc. lifted its position in shares of Yandex by 24.1% during the second quarter. BlackRock Inc. now owns 6,161,700 shares of the information services provider’s stock worth $221,204,000 after purchasing an additional 1,195,070 shares in the last quarter. Finally, GQG Partners LLC lifted its position in shares of Yandex by 270.6% during the first quarter. GQG Partners LLC now owns 6,055,453 shares of the information services provider’s stock worth $238,888,000 after purchasing an additional 4,421,325 shares in the last quarter. 68.18% of the stock is currently owned by hedge funds and other institutional investors.

YNDX has been the topic of a number of research reports. Zacks Investment Research lowered shares of Yandex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 17th. ValuEngine lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, BidaskClub lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $44.40.

NASDAQ YNDX traded up $0.43 during trading hours on Friday, hitting $30.14. The company’s stock had a trading volume of 68,439 shares, compared to its average volume of 3,530,054. Yandex NV has a twelve month low of $29.50 and a twelve month high of $44.49. The firm has a market capitalization of $10.17 billion, a P/E ratio of 37.04 and a beta of 2.58.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, July 26th. The information services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Yandex had a net margin of 36.22% and a return on equity of 12.72%. The business had revenue of $472.80 million during the quarter. During the same quarter in the prior year, the company earned $12.12 EPS. Yandex’s revenue for the quarter was up 38.8% compared to the same quarter last year. equities research analysts anticipate that Yandex NV will post 1.53 earnings per share for the current fiscal year.

Yandex Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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