BNP Paribas Arbitrage SA continued to hold its position in shares of Yandex NV (NASDAQ:YNDX) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,835 shares of the company’s stock at the end of the third quarter. BNP Paribas Arbitrage SA’s holdings in Yandex NV were worth $102,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its stake in Yandex NV by 0.6% in the second quarter. Baillie Gifford & Co. now owns 23,547,389 shares of the company’s stock worth $514,510,000 after buying an additional 130,734 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Yandex NV by 5.5% in the second quarter. WCM Investment Management CA now owns 13,287,003 shares of the company’s stock worth $290,321,000 after buying an additional 689,667 shares in the last quarter. Orbis Allan Gray Ltd purchased a new stake in shares of Yandex NV during the first quarter worth approximately $92,487,000. FMR LLC boosted its stake in shares of Yandex NV by 3.5% in the second quarter. FMR LLC now owns 5,614,897 shares of the company’s stock worth $122,685,000 after buying an additional 187,635 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Yandex NV by 1,553.5% in the second quarter. William Blair Investment Management LLC now owns 4,489,064 shares of the company’s stock worth $98,086,000 after buying an additional 4,217,581 shares in the last quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.
Yandex NV (NASDAQ:YNDX) opened at 18.93 on Monday. Yandex NV has a 52 week low of $11.00 and a 52 week high of $23.87. The company has a 50 day moving average price of $21.31 and a 200 day moving average price of $20.52. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 18.63 and a beta of 3.00.
Yandex NV (NASDAQ:YNDX) last posted its earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by $0.05. The business earned $18.04 billion during the quarter, compared to analysts’ expectations of $17.61 billion. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $8.63 EPS. Analysts expect that Yandex NV will post $0.72 EPS for the current fiscal year.
A number of analysts have commented on YNDX shares. Bank of America Corp. set a $26.00 price target on Yandex NV and gave the stock a “buy” rating in a research report on Thursday, September 8th. HSBC started coverage on Yandex NV in a research report on Monday, July 18th. They set a “buy” rating and a $26.70 price target for the company. Pacific Crest reaffirmed a “buy” rating on shares of Yandex NV in a research report on Friday, July 29th. Zacks Investment Research raised Yandex NV from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Finally, Vetr cut Yandex NV from a “buy” rating to a “hold” rating and set a $22.98 price target for the company. in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.98.
Yandex NV Company Profile
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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