Boston Partners lessened its stake in Yandex N.V. (NASDAQ:YNDX) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 704,737 shares of the information services provider’s stock after selling 8,670 shares during the quarter. Boston Partners owned about 0.22% of Yandex N.V. worth $23,221,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of YNDX. Bank of Nova Scotia purchased a new position in Yandex N.V. in the second quarter worth approximately $1,658,000. Advisors Asset Management Inc. grew its position in Yandex N.V. by 86.7% in the second quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock worth $904,000 after acquiring an additional 15,999 shares during the period. Hosking Partners LLP grew its position in Yandex N.V. by 1.6% in the second quarter. Hosking Partners LLP now owns 383,120 shares of the information services provider’s stock worth $10,053,000 after acquiring an additional 6,165 shares during the period. Wells Fargo & Company MN grew its position in Yandex N.V. by 8.0% in the second quarter. Wells Fargo & Company MN now owns 5,387,122 shares of the information services provider’s stock worth $141,359,000 after acquiring an additional 401,041 shares during the period. Finally, Vanguard Group Inc. grew its position in Yandex N.V. by 128.3% in the first quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock worth $7,427,000 after acquiring an additional 190,344 shares during the period. 63.67% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on YNDX. Zacks Investment Research lowered Yandex N.V. from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Credit Suisse Group increased their price objective on Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $37.20 price objective on shares of Yandex N.V. in a research report on Tuesday, September 5th. Finally, TheStreet lowered Yandex N.V. from a “b-” rating to a “c” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.73.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Yandex N.V. had a return on equity of 14.48% and a net margin of 7.32%. The business had revenue of $404.00 million during the quarter. During the same quarter in the prior year, the business earned $11.64 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. equities research analysts predict that Yandex N.V. will post 0.52 EPS for the current year.
Yandex N.V. 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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