Stifel Financial Corp raised its holdings in shares of Yandex NV (NASDAQ:YNDX) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,892 shares of the information services provider’s stock after purchasing an additional 1,800 shares during the quarter. Stifel Financial Corp’s holdings in Yandex were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Enlightenment Research LLC bought a new position in Yandex during the fourth quarter valued at approximately $30,000. Avestar Capital LLC bought a new position in shares of Yandex in the fourth quarter worth approximately $42,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Yandex in the fourth quarter worth approximately $55,000. Financial Gravity Companies Inc. bought a new position in shares of Yandex in the fourth quarter worth approximately $158,000. Finally, LPL Financial LLC bought a new position in shares of Yandex in the third quarter worth approximately $212,000. 64.91% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on YNDX. Zacks Investment Research upgraded shares of Yandex from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America set a $47.00 target price on shares of Yandex and gave the stock a “buy” rating in a report on Tuesday, March 19th. Deutsche Bank raised their target price on shares of Yandex from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, UBS Group set a $45.00 target price on shares of Yandex and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Yandex has an average rating of “Buy” and an average price target of $43.40.
Yandex (NASDAQ:YNDX) last issued its earnings results on Friday, February 15th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Yandex had a return on equity of 11.41% and a net margin of 37.60%. The firm had revenue of $38.84 billion during the quarter, compared to the consensus estimate of $37.45 billion. During the same quarter in the prior year, the business posted $15.85 EPS. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. On average, research analysts forecast that Yandex NV will post 1.38 EPS for the current fiscal year.
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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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