Cubist Systematic Strategies LLC increased its stake in shares of Yandex N.V. (NASDAQ:YNDX) by 117.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 131,319 shares of the information services provider’s stock after acquiring an additional 70,905 shares during the period. Cubist Systematic Strategies LLC’s holdings in Yandex N.V. were worth $3,446,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of Yandex N.V. by 86.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 34,445 shares of the information services provider’s stock valued at $904,000 after acquiring an additional 15,999 shares during the last quarter. Hosking Partners LLP increased its holdings in shares of Yandex N.V. by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 383,120 shares of the information services provider’s stock valued at $10,053,000 after acquiring an additional 6,165 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Yandex N.V. by 128.3% during the 1st quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock valued at $7,427,000 after acquiring an additional 190,344 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Yandex N.V. by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 5,387,122 shares of the information services provider’s stock valued at $141,359,000 after acquiring an additional 401,041 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Yandex N.V. by 328.3% during the 2nd quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock valued at $88,975,000 after acquiring an additional 2,599,072 shares during the last quarter. 67.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yandex N.V. (NASDAQ:YNDX) traded down 3.70% during mid-day trading on Friday, reaching $32.51. The company had a trading volume of 2,846,280 shares. The firm’s 50-day moving average is $31.83 and its 200 day moving average is $28.08. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 41.20 and a beta of 2.82. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $34.27.

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). The business had revenue of $374.10 million for the quarter. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.05 earnings per share. On average, equities research analysts predict that Yandex N.V. will post $0.79 earnings per share for the current year.

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A number of brokerages have recently commented on YNDX. Zacks Investment Research raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday. Goldman Sachs Group, Inc. (The) reissued 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 raised 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 raised Yandex N.V. from a “c-” rating to a “b-” rating in a report on Friday, July 28th. Finally, Credit Suisse Group increased their price objective on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Yandex N.V. presently has an average rating of “Buy” and an average price target of $35.16.

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

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