Harding Loevner LP Trims Holdings in Yandex N.V. (YNDX)
Harding Loevner LP cut its stake in Yandex N.V. (NASDAQ:YNDX) by 27.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,874,658 shares of the information services provider’s stock after selling 1,480,493 shares during the period. Harding Loevner LP owned about 1.19% of Yandex N.V. worth $101,671,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of Yandex N.V. by 13.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after buying an additional 472 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Yandex N.V. in the 2nd quarter worth approximately $110,000. Invictus RG acquired a new position in shares of Yandex N.V. in the 1st quarter worth approximately $166,000. Comerica Bank acquired a new position in shares of Yandex N.V. in the 1st quarter worth approximately $249,000. Finally, Harbor Advisors LLC acquired a new position in shares of Yandex N.V. in the 1st quarter worth approximately $219,000. 67.56% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a report on Tuesday, September 5th. VTB Capital raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Thursday, August 3rd. TheStreet raised Yandex N.V. from a “c-” rating to a “b-” rating in a report on Friday, July 28th. Credit Suisse Group increased their target price on 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 reissued a “sell” rating and issued a $24.30 target price (up from $17.20) on shares of Yandex N.V. in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.16.
Yandex N.V. (NASDAQ:YNDX) traded up 1.75% during midday trading on Friday, reaching $33.20. The company had a trading volume of 3,799,986 shares. The stock has a market cap of $10.79 billion, a P/E ratio of 42.08 and a beta of 2.84. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $33.68. The firm has a 50-day moving average of $30.68 and a 200-day moving average of $27.26.
Yandex N.V. (NASDAQ:YNDX) last announced its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing the consensus estimate 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 for the quarter. During the same period in the prior year, the company posted $12.05 EPS. Yandex N.V.’s quarterly revenue was up 22.5% on a year-over-year basis. On average, equities analysts expect that Yandex N.V. will post $0.79 EPS for the current fiscal year.
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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