Coldstream Capital Management Inc. Purchases Shares of 12,678 Yandex N.V. (YNDX)
Coldstream Capital Management Inc. purchased a new position in shares of Yandex N.V. (NASDAQ:YNDX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,678 shares of the information services provider’s stock, valued at approximately $333,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of 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. Shine Investment Advisory Services Inc. bought a new stake in shares of Yandex N.V. during the second quarter worth approximately $110,000. Invictus RG bought a new stake in shares of Yandex N.V. during the first quarter worth approximately $166,000. QCM Cayman Ltd. bought a new stake in shares of Yandex N.V. during the second quarter worth approximately $206,000. Finally, Comerica Bank bought a new stake in shares of Yandex N.V. during the first quarter worth approximately $249,000. 67.59% of the stock is owned by institutional investors and hedge funds.
Shares of Yandex N.V. (YNDX) traded up 0.66% on Wednesday, reaching $31.98. 330,642 shares of the company were exchanged. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $34.27. The company’s 50-day moving average price is $31.97 and its 200 day moving average price is $28.31. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 94.06 and a beta of 2.82.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.13). Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. On average, equities research analysts expect that Yandex N.V. will post $0.79 EPS for the current year.
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YNDX has been the subject of a number of recent research reports. 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 research note on Thursday, June 15th. BidaskClub downgraded shares of Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating and set a $38.00 price target (up from $35.00) on shares of Yandex N.V. in a research note on Friday, July 14th. Finally, HSBC Holdings plc reissued a “buy” rating and set a $34.60 price target (up from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. 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 stock. Yandex N.V. currently 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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