William Blair Investment Management LLC Buys 625,063 Shares of Yandex N.V. (YNDX)
William Blair Investment Management LLC increased its stake in shares of Yandex N.V. (NASDAQ:YNDX) by 20.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,661,361 shares of the information services provider’s stock after buying an additional 625,063 shares during the period. William Blair Investment Management LLC owned 1.13% of Yandex N.V. worth $96,074,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of YNDX. Shine Investment Advisory Services Inc. acquired a new stake in shares of Yandex N.V. during the second quarter valued at approximately $110,000. Invictus RG acquired a new stake in shares of Yandex N.V. during the first quarter valued at approximately $166,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Yandex N.V. during the first quarter valued at approximately $202,000. Harbor Advisors LLC acquired a new stake in shares of Yandex N.V. during the first quarter valued at approximately $219,000. Finally, Capital One National Association acquired a new stake in shares of Yandex N.V. during the first quarter valued at approximately $234,000. 71.72% of the stock is currently owned by institutional investors.
Shares of Yandex N.V. (NASDAQ:YNDX) opened at 29.81 on Monday. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $32.44. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 37.78 and a beta of 2.86. The stock has a 50 day moving average price of $29.48 and a 200-day moving average price of $26.01.
Yandex N.V. (NASDAQ:YNDX) last posted its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.03. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The business had revenue of $374.10 million for the quarter. During the same quarter last year, the business earned $12.05 EPS. The firm’s revenue was up 22.5% on a year-over-year basis. On average, analysts anticipate that Yandex N.V. will post $0.78 EPS for the current year.
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YNDX has been the topic of several research analyst reports. TheStreet raised Yandex N.V. from a “c-” rating to a “b-” rating in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.30 price objective on shares of Yandex N.V. in a report on Wednesday, July 26th. HSBC Holdings plc reissued a “buy” rating and issued a $34.60 price objective (up from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Deutsche Bank AG reissued a “buy” rating and issued a $38.00 price objective (up from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. Finally, Zacks Investment Research raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.92.
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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