Franklin Resources Inc. reduced its holdings in shares of Yandex N.V. (NASDAQ:YNDX) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,146,003 shares of the information services provider’s stock after selling 112,364 shares during the quarter. Franklin Resources Inc. owned 0.97% of Yandex N.V. worth $82,554,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. WCM Investment Management CA grew its stake in Yandex N.V. by 4.5% during the second quarter. WCM Investment Management CA now owns 15,465,155 shares of the information services provider’s stock worth $405,806,000 after buying an additional 665,992 shares during the period. Morgan Stanley boosted its stake in shares of Yandex N.V. by 26.9% in the first quarter. Morgan Stanley now owns 15,238,199 shares of the information services provider’s stock valued at $334,174,000 after purchasing an additional 3,231,080 shares during the period. Wellington Management Group LLP boosted its stake in shares of Yandex N.V. by 4.6% in the first quarter. Wellington Management Group LLP now owns 12,961,670 shares of the information services provider’s stock valued at $284,249,000 after purchasing an additional 572,192 shares during the period. BlackRock Inc. boosted its stake in shares of Yandex N.V. by 522.3% in the first quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock valued at $209,503,000 after purchasing an additional 8,018,212 shares during the period. Finally, FMR LLC boosted its stake in shares of Yandex N.V. by 30.4% in the first quarter. FMR LLC now owns 6,611,696 shares of the information services provider’s stock valued at $144,995,000 after purchasing an additional 1,540,399 shares during the period. Institutional investors own 67.56% of the company’s stock.
Yandex N.V. (NASDAQ YNDX) opened at 33.08 on Wednesday. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $33.61. The stock has a 50 day moving average of $30.39 and a 200 day moving average of $26.85. The stock has a market capitalization of $10.75 billion, a P/E ratio of 41.93 and a beta of 2.84.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The firm had revenue of $374.10 million during the quarter. During the same quarter last year, the company posted $12.05 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities research analysts predict that Yandex N.V. will post $0.80 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a research note on Tuesday, September 5th. 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. Renaissance Capital restated a “sell” rating and issued a $24.30 target price (up from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. Finally, HSBC Holdings plc restated a “buy” rating and issued a $34.60 target price (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, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.89.
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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