Garelick Capital Partners LP boosted its stake in shares of Yandex N.V. (NASDAQ:YNDX) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 663,726 shares of the information services provider’s stock after buying an additional 54,886 shares during the period. Yandex N.V. comprises about 3.3% of Garelick Capital Partners LP’s holdings, making the stock its 16th largest position. Garelick Capital Partners LP’s holdings in Yandex N.V. were worth $14,556,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Northern Trust Corp raised its stake in shares of Yandex N.V. by 0.9% in the third quarter. Northern Trust Corp now owns 1,465,910 shares of the information services provider’s stock worth $30,857,000 after buying an additional 12,623 shares during the last quarter. AMP Capital Investors Ltd bought a new stake in Yandex N.V. during the third quarter worth $1,009,000. Prince Street Capital Management LLC raised its stake in Yandex N.V. by 11.1% in the third quarter. Prince Street Capital Management LLC now owns 856,200 shares of the information services provider’s stock worth $18,023,000 after buying an additional 85,600 shares in the last quarter. Bamco Inc. NY raised its stake in Yandex N.V. by 22.6% in the third quarter. Bamco Inc. NY now owns 1,600,000 shares of the information services provider’s stock worth $33,680,000 after buying an additional 295,000 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Yandex N.V. during the third quarter worth approximately $653,000. 70.61% of the stock is currently owned by institutional investors.
Shares of Yandex N.V. (NASDAQ YNDX) traded down 1.73% during trading on Tuesday, hitting $26.14. 614,634 shares of the stock were exchanged. Yandex N.V. has a 12-month low of $17.28 and a 12-month high of $29.13. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 40.46 and a beta of 2.76. The stock’s 50 day moving average is $27.25 and its 200-day moving average is $23.64.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.05. Yandex N.V. had a return on equity of 14.52% and a net margin of 8.07%. The company had revenue of $20.65 billion for the quarter. During the same period last year, the business posted $9.81 earnings per share. Yandex N.V.’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts anticipate that Yandex N.V. will post $0.91 EPS for the current year.
A number of equities analysts recently commented on YNDX shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Yandex N.V. in a research note on Thursday, April 6th. Zacks Investment Research upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, May 30th. Deutsche Bank AG reissued a “buy” rating and set a $35.00 price target (up from $28.00) on shares of Yandex N.V. in a report on Saturday, April 29th. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, June 15th. Finally, Standpoint Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.55.
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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