BT Investment Management Ltd purchased a new position in Yandex N.V. (NASDAQ:YNDX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 69,642 shares of the information services provider’s stock, valued at approximately $1,827,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Yandex N.V. by 86.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock worth $904,000 after acquiring an additional 15,999 shares in the last quarter. Vanguard Group Inc. increased its holdings in Yandex N.V. by 128.3% in the 1st quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock worth $7,427,000 after acquiring an additional 190,344 shares in the last quarter. Hosking Partners LLP increased its holdings in Yandex N.V. by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 383,120 shares of the information services provider’s stock worth $10,053,000 after acquiring an additional 6,165 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Yandex N.V. by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 5,387,122 shares of the information services provider’s stock worth $141,359,000 after acquiring an additional 401,041 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Yandex N.V. by 123.9% in the 1st quarter. Quantbot Technologies LP now owns 44,386 shares of the information services provider’s stock worth $973,000 after acquiring an additional 24,565 shares in the last quarter. 67.56% of the stock is owned by institutional investors.

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Shares of Yandex N.V. (NASDAQ YNDX) opened at 32.32 on Tuesday. Yandex N.V. has a 12-month low of $17.28 and a 12-month high of $33.61. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 40.96 and a beta of 2.84. The stock’s 50 day moving average is $30.59 and its 200-day moving average is $27.19.

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 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 firm had revenue of $374.10 million during the quarter. During the same period in the prior year, the company posted $12.05 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Equities analysts anticipate that Yandex N.V. will post $0.79 EPS for the current fiscal year.

Several equities research analysts recently commented on YNDX shares. Zacks Investment Research raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, May 30th. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Thursday, June 15th. BidaskClub lowered shares of Yandex N.V. from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Deutsche Bank AG reissued a “buy” rating and issued a $38.00 price target (up previously from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a $34.60 price target (up previously from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Yandex N.V. has an average rating of “Buy” and an average target price of $32.89.

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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Institutional Ownership by Quarter for Yandex N.V. (NASDAQ:YNDX)

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