Emerging Sovereign Group LLC Sells 354,670 Shares of Yandex N.V. (YNDX)

Emerging Sovereign Group LLC lowered its holdings in Yandex N.V. (NASDAQ:YNDX) by 17.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,691,636 shares of the information services provider’s stock after selling 354,670 shares during the period. Yandex comprises about 23.2% of Emerging Sovereign Group LLC’s portfolio, making the stock its largest holding. Emerging Sovereign Group LLC owned 0.52% of Yandex worth $55,739,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in YNDX. Shine Investment Advisory Services Inc. acquired a new position in shares of Yandex in the 2nd quarter valued at approximately $110,000. Parallel Advisors LLC increased its position in Yandex by 13.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after purchasing an additional 472 shares in the last quarter. QCM Cayman Ltd. acquired a new position in Yandex during the 2nd quarter worth approximately $206,000. MML Investors Services LLC increased its position in Yandex by 12.9% during the 2nd quarter. MML Investors Services LLC now owns 10,417 shares of the information services provider’s stock worth $273,000 after purchasing an additional 1,189 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in Yandex during the 2nd quarter worth approximately $290,000. 65.85% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. BidaskClub lowered shares of Yandex from a “hold” rating to a “sell” rating in a report on Wednesday. Goldman Sachs Group reissued a “buy” rating and set a $37.20 target price on shares of Yandex in a report on Tuesday, September 5th. TheStreet lowered shares of Yandex from a “b-” rating to a “c” rating in a report on Tuesday, October 24th. Bank of America upped their price objective on shares of Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Zacks Investment Research raised shares of Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.89.

Yandex N.V. (NASDAQ:YNDX) opened at $32.62 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47. Yandex N.V. has a 1-year low of $19.06 and a 1-year high of $35.32. The firm has a market cap of $10,545.34, a price-to-earnings ratio of 54.86, a price-to-earnings-growth ratio of 1.72 and a beta of 2.80.

Yandex (NASDAQ:YNDX) last released its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The firm had revenue of $404.00 million for the quarter. During the same quarter in the previous year, the company posted $11.64 EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. equities analysts forecast that Yandex N.V. will post 0.57 EPS for the current year.

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About Yandex

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.

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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