ETRADE Capital Management LLC bought a new stake in Yandex NV (NASDAQ:YNDX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 9,605 shares of the information services provider’s stock, valued at approximately $315,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in Yandex in the fourth quarter valued at about $129,000. Robeco Institutional Asset Management B.V. purchased a new position in Yandex in the fourth quarter valued at about $147,000. Raymond James Trust N.A. purchased a new position in Yandex in the fourth quarter valued at about $206,000. Fieldpoint Private Securities LLC purchased a new position in Yandex in the third quarter valued at about $273,000. Finally, Bessemer Group Inc. purchased a new position in Yandex in the fourth quarter valued at about $301,000. Hedge funds and other institutional investors own 67.90% of the company’s stock.
Shares of Yandex NV (YNDX) opened at $42.29 on Wednesday. The company has a market cap of $14,060.44, a P/E ratio of 93.98, a P/E/G ratio of 1.06 and a beta of 2.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 2.28. Yandex NV has a 52 week low of $21.40 and a 52 week high of $44.49.
A number of research firms have weighed in on YNDX. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Bank of America boosted their target price on shares of Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 27th. TheStreet upgraded shares of Yandex from a “c” rating to a “b+” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research cut shares of Yandex from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Yandex presently has a consensus rating of “Buy” and a consensus target price of $38.90.
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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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