Yandex N.V. (YNDX) Shares Sold by Platinum Investment Management Ltd.
Platinum Investment Management Ltd. trimmed its position in shares of Yandex N.V. (NASDAQ:YNDX) by 41.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,500 shares of the information services provider’s stock after selling 116,600 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Yandex N.V. were worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of YNDX. Shine Investment Advisory Services Inc. bought a new stake in Yandex N.V. during the second quarter worth about $110,000. Parallel Advisors LLC grew its stake in Yandex N.V. by 13.6% during the second 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 during the last quarter. Invictus RG bought a new stake in Yandex N.V. during the first quarter worth about $166,000. QCM Cayman Ltd. bought a new stake in Yandex N.V. during the second quarter worth about $206,000. Finally, Harbor Advisors LLC bought a new stake in Yandex N.V. during the first quarter worth about $219,000. 67.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Yandex N.V. (NASDAQ:YNDX) traded down 3.70% during trading on Friday, reaching $32.51. 2,846,280 shares of the company traded hands. The company has a 50 day moving average price of $31.83 and a 200 day moving average price of $28.08. The firm 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 posted its earnings results 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 return on equity of 15.51% and a net margin of 9.50%. The business had revenue of $374.10 million for the quarter. During the same quarter in the previous year, the company posted $12.05 EPS. Yandex N.V.’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities analysts predict that Yandex N.V. will post $0.79 EPS for the current year.
Several brokerages have weighed in on YNDX. Credit Suisse Group upped their price objective on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. VTB Capital upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $37.20 target price on shares of Yandex N.V. in a research report on Tuesday, September 5th. BidaskClub lowered shares of Yandex N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Yandex N.V. has an average rating of “Buy” and a consensus target price of $35.16.
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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