Yandex N.V. (YNDX) Position Raised by Lazard Asset Management LLC
Lazard Asset Management LLC increased its holdings in shares of Yandex N.V. (NASDAQ:YNDX) by 65.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,301,761 shares of the information services provider’s stock after purchasing an additional 1,302,748 shares during the period. Lazard Asset Management LLC owned approximately 1.02% of Yandex N.V. worth $86,638,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. WCM Investment Management CA grew its stake in Yandex N.V. by 4.5% during the second quarter. WCM Investment Management CA now owns 15,465,155 shares of the information services provider’s stock worth $405,806,000 after purchasing an additional 665,992 shares during the period. Morgan Stanley grew its stake in Yandex N.V. by 26.9% during the first quarter. Morgan Stanley now owns 15,238,199 shares of the information services provider’s stock worth $334,174,000 after purchasing an additional 3,231,080 shares during the period. Wellington Management Group LLP grew its stake in Yandex N.V. by 4.6% during the first quarter. Wellington Management Group LLP now owns 12,961,670 shares of the information services provider’s stock worth $284,249,000 after purchasing an additional 572,192 shares during the period. BlackRock Inc. grew its stake in Yandex N.V. by 522.3% during the first quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock worth $209,503,000 after purchasing an additional 8,018,212 shares during the period. Finally, FMR LLC grew its stake in Yandex N.V. by 30.4% during the first quarter. FMR LLC now owns 6,611,696 shares of the information services provider’s stock worth $144,995,000 after purchasing an additional 1,540,399 shares during the period. 67.56% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on YNDX shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $37.20 target price on shares of Yandex N.V. in a research note on Tuesday, September 5th. Zacks Investment Research cut Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. HSBC Holdings plc reaffirmed a “buy” rating and set a $34.60 target price (up previously from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. Credit Suisse Group raised their price objective on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Finally, BidaskClub raised Yandex N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.89.
Shares of Yandex N.V. (NASDAQ:YNDX) traded down 0.22% during midday trading on Tuesday, reaching $32.25. The company’s stock had a trading volume of 715,115 shares. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 40.87 and a beta of 2.84. The stock has a 50-day moving average price of $30.59 and a 200-day moving average price of $27.19. 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 posted its 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 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 business earned $12.05 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts anticipate that Yandex N.V. will post $0.79 earnings per share for the current fiscal year.
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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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