Yandex N.V. (YNDX) Position Decreased by River & Mercantile Asset Management LLP
River & Mercantile Asset Management LLP reduced its position in shares of Yandex N.V. (NASDAQ:YNDX) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,970 shares of the information services provider’s stock after selling 5,030 shares during the period. River & Mercantile Asset Management LLP’s holdings in Yandex N.V. were worth $4,197,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Yandex N.V. by 522.3% in the first quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock worth $209,503,000 after buying an additional 8,018,212 shares during the period. Morgan Stanley raised its position in Yandex N.V. by 26.9% in the first quarter. Morgan Stanley now owns 15,238,199 shares of the information services provider’s stock worth $334,174,000 after buying an additional 3,231,080 shares during the period. Thornburg Investment Management Inc. raised its position in Yandex N.V. by 88.4% in the first quarter. Thornburg Investment Management Inc. now owns 6,231,603 shares of the information services provider’s stock worth $136,659,000 after buying an additional 2,924,551 shares during the period. American Century Companies Inc. raised its position in Yandex N.V. by 328.3% in the second quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock worth $88,975,000 after buying an additional 2,599,072 shares during the period. Finally, Acadian Asset Management LLC raised its position in Yandex N.V. by 68.5% in the second quarter. Acadian Asset Management LLC now owns 4,473,842 shares of the information services provider’s stock worth $117,393,000 after buying an additional 1,819,154 shares during the period. Institutional investors and hedge funds own 67.56% of the company’s stock.
Shares of Yandex N.V. (YNDX) opened at 29.75 on Monday. The company has a 50-day moving average price of $29.91 and a 200 day moving average price of $26.25. The stock has a market capitalization of $9.67 billion, a P/E ratio of 37.71 and a beta of 2.86. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $32.44.
Yandex N.V. (NASDAQ:YNDX) last issued its earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The business had revenue of $374.10 million for the quarter. During the same quarter last year, the firm earned $12.05 earnings per share. Yandex N.V.’s revenue for the quarter was up 22.5% on a year-over-year basis. Analysts forecast that Yandex N.V. will post $0.78 earnings per share for the current fiscal year.
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YNDX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Yandex N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. HSBC Holdings plc reiterated a “buy” rating and issued a $34.60 price target (up previously from $33.40) on shares of Yandex N.V. in a research report on Friday, July 14th. Credit Suisse Group increased their price target on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. BidaskClub upgraded Yandex N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 price target (up previously from $35.00) on shares of Yandex N.V. in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.92.
About Yandex N.V.
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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