Yandex N.V. (YNDX) Stake Decreased by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. reduced its stake in shares of Yandex N.V. (NASDAQ:YNDX) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,750 shares of the information services provider’s stock after selling 2,200 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.08% of Yandex N.V. worth $6,423,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new position in shares of Yandex N.V. during the 2nd quarter worth about $110,000. Parallel Advisors LLC lifted its holdings in shares of Yandex N.V. by 13.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after acquiring an additional 472 shares during the period. Invictus RG purchased a new position in shares of Yandex N.V. during the 1st quarter worth about $166,000. Harbor Advisors LLC purchased a new position in shares of Yandex N.V. during the 1st quarter worth about $219,000. Finally, Comerica Bank purchased a new position in shares of Yandex N.V. during the 1st quarter worth about $249,000. Institutional investors and hedge funds own 67.56% of the company’s stock.
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Several research analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $37.20 price objective on shares of Yandex N.V. in a report on Tuesday, September 5th. VTB Capital upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, August 3rd. TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a report on Friday, July 28th. Credit Suisse Group increased their price objective on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Renaissance Capital restated a “sell” rating and issued a $24.30 price target (up previously from $17.20) on shares of Yandex N.V. in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Yandex N.V. currently has a consensus rating of “Buy” and an average target price of $32.89.
Yandex N.V. (NASDAQ:YNDX) traded up 1.37% on Friday, reaching $32.64. 4,729,758 shares of the company traded hands. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 41.37 and a beta of 2.84. The firm has a 50 day moving average price of $30.51 and a 200 day moving average price of $27.07. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $33.61.
Yandex N.V. (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). The firm had revenue of $374.10 million for the quarter. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. Yandex N.V.’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $12.05 EPS. Equities research analysts predict that Yandex N.V. will post $0.80 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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