Commerzbank Aktiengesellschaft FI raised its stake in shares of Yandex NV (NASDAQ:YNDX) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 530,761 shares of the information services provider’s stock after purchasing an additional 41,767 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.16% of Yandex worth $19,054,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of YNDX. NumerixS Investment Technologies Inc acquired a new stake in shares of Yandex during the 2nd quarter valued at about $240,000. Artisan Partners Limited Partnership boosted its position in shares of Yandex by 22.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,568,015 shares of the information services provider’s stock valued at $92,192,000 after acquiring an additional 462,733 shares in the last quarter. EastBay Asset Management LLC boosted its position in shares of Yandex by 36.6% during the 2nd quarter. EastBay Asset Management LLC now owns 1,492,746 shares of the information services provider’s stock valued at $53,589,000 after acquiring an additional 400,007 shares in the last quarter. BlackRock Inc. boosted its position in shares of Yandex by 24.1% during the 2nd quarter. BlackRock Inc. now owns 6,161,700 shares of the information services provider’s stock valued at $221,204,000 after acquiring an additional 1,195,070 shares in the last quarter. Finally, GAM Holding AG boosted its position in shares of Yandex by 16.3% during the 2nd quarter. GAM Holding AG now owns 72,248 shares of the information services provider’s stock valued at $2,594,000 after acquiring an additional 10,148 shares in the last quarter. Institutional investors own 68.18% of the company’s stock.

Several brokerages have recently weighed in on YNDX. Zacks Investment Research upgraded shares of Yandex from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Saturday, June 30th. ValuEngine lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, BidaskClub lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $43.20.

Shares of Yandex stock opened at $31.20 on Friday. Yandex NV has a twelve month low of $29.04 and a twelve month high of $44.49. The stock has a market cap of $10.53 billion, a PE ratio of 38.52 and a beta of 2.59.

Yandex (NASDAQ:YNDX) last released its quarterly earnings results on Thursday, July 26th. The information services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $472.80 million during the quarter. Yandex had a net margin of 36.22% and a return on equity of 12.72%. The firm’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.12 EPS. analysts anticipate that Yandex NV will post 1.53 earnings per share for the current year.

Yandex Company Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

See Also: How to Invest in Growth Stocks

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.