Sumitomo Mitsui Asset Management Company LTD lessened its stake in Yandex N.V. (NASDAQ:YNDX) by 53.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,684 shares of the information services provider’s stock after selling 12,310 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Yandex N.V. were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of 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 buying an additional 8,018,212 shares during the period. American Century Companies Inc. boosted its stake in shares of Yandex N.V. by 328.3% during the second quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock worth $88,975,000 after buying an additional 2,599,072 shares during the period. Emerging Sovereign Group LLC acquired a new stake in shares of Yandex N.V. during the second quarter worth about $53,695,000. Newbrook Capital Advisors LP acquired a new stake in shares of Yandex N.V. during the second quarter worth about $50,062,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Yandex N.V. by 68.5% during the second quarter. Acadian Asset Management LLC now owns 4,473,842 shares of the information services provider’s stock worth $117,393,000 after buying an additional 1,819,154 shares during the period. Institutional investors own 63.09% of the company’s stock.

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Several equities research analysts have recently weighed in on YNDX shares. TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, October 5th. 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 note on Tuesday, September 5th. VTB Capital upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Thursday, August 3rd. Finally, HSBC Holdings plc reiterated 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.73.

Shares of Yandex N.V. (NASDAQ YNDX) opened at $32.72 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47. The company has a market cap of $10,613.75, a PE ratio of 55.22, a P/E/G ratio of 2.14 and a beta of 2.84. Yandex N.V. has a 12-month low of $17.28 and a 12-month high of $34.83.

Yandex N.V. (NASDAQ:YNDX) last announced its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $404.00 million during the quarter. Yandex N.V. had a net margin of 7.32% and a return on equity of 14.48%. Yandex N.V.’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.64 EPS. equities analysts forecast that Yandex N.V. will post 0.52 EPS for the current year.

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

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