Calamos Advisors LLC Sells 55,550 Shares of Yandex N.V. (YNDX)
Calamos Advisors LLC cut its holdings in shares of Yandex N.V. (NASDAQ:YNDX) by 40.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,970 shares of the information services provider’s stock after selling 55,550 shares during the period. Calamos Advisors LLC’s holdings in Yandex N.V. were worth $2,151,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in YNDX. Shine Investment Advisory Services Inc. acquired a new stake in Yandex N.V. during the second quarter valued at approximately $110,000. Parallel Advisors LLC lifted its stake in Yandex N.V. by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after purchasing an additional 472 shares during the last quarter. Invictus RG acquired a new stake in Yandex N.V. during the first quarter valued at approximately $166,000. Nine Chapters Capital Management LLC acquired a new stake in Yandex N.V. during the first quarter valued at approximately $202,000. Finally, Harbor Advisors LLC acquired a new stake in Yandex N.V. during the first quarter valued at approximately $219,000. 67.56% of the stock is owned by institutional investors and hedge funds.
Shares of Yandex N.V. (NASDAQ YNDX) opened at 31.87 on Friday. The stock’s 50 day moving average is $30.34 and its 200-day moving average is $26.75. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 40.39 and a beta of 2.84. Yandex N.V. has a 12-month low of $17.28 and a 12-month high of $33.26.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 earnings per share 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 firm 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 was up 22.5% compared to the same quarter last year. On average, analysts anticipate that Yandex N.V. will post $0.79 EPS for the current fiscal year.
Several analysts recently commented on YNDX shares. TheStreet raised shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $37.30 target price on shares of Yandex N.V. in a research note on Wednesday, July 26th. HSBC Holdings plc reissued a “buy” rating and set a $34.60 target price (up from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. Deutsche Bank AG reissued a “buy” rating and set a $38.00 target price (up from $35.00) on shares of Yandex N.V. in a research note on Friday, July 14th. Finally, VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Yandex N.V. has an average rating of “Buy” and an average target price of $32.89.
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Yandex N.V. 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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