Jefferies Group LLC decreased its holdings in shares of Yandex NV (NASDAQ:YNDX) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,772 shares of the information services provider’s stock after selling 4,914 shares during the period. Jefferies Group LLC’s holdings in Yandex were worth $746,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. OppenheimerFunds Inc. acquired a new stake in shares of Yandex in the 4th quarter worth approximately $167,376,000. Harding Loevner LP grew its holdings in shares of Yandex by 45.2% in the 3rd quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock worth $124,012,000 after acquiring an additional 1,752,160 shares during the period. Genesis Asset Managers LLP acquired a new stake in shares of Yandex in the 4th quarter worth approximately $38,012,000. Barings LLC acquired a new stake in shares of Yandex in the 4th quarter worth approximately $36,688,000. Finally, WCM Investment Management CA grew its holdings in shares of Yandex by 6.5% in the 4th quarter. WCM Investment Management CA now owns 16,745,927 shares of the information services provider’s stock worth $548,429,000 after acquiring an additional 1,020,532 shares during the period. Institutional investors own 67.88% of the company’s stock.
Shares of Yandex NV (YNDX) opened at $42.21 on Tuesday. Yandex NV has a 52 week low of $21.40 and a 52 week high of $44.49. The company has a quick ratio of 4.47, a current ratio of 2.28 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $13,802.66, a P/E ratio of 93.80, a P/E/G ratio of 0.98 and a beta of 2.65.
Yandex (NASDAQ:YNDX) last posted its earnings results on Thursday, February 15th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Yandex had a return on equity of 17.70% and a net margin of 9.32%. The firm had revenue of $483.70 million for the quarter. During the same period in the previous year, the company posted $9.94 EPS. Yandex’s quarterly revenue was up 26.0% compared to the same quarter last year. equities analysts forecast that Yandex NV will post 1.23 earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Bank of America upped their price target on Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 27th. TheStreet upgraded Yandex from a “c” rating to a “b+” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $47.00 price target on shares of Yandex in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $38.90.
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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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