LPL Financial LLC Acquires 5,212 Shares of Yandex (NASDAQ:YNDX)

LPL Financial LLC boosted its position in shares of Yandex (NASDAQ:YNDX) by 12.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,008 shares of the information services provider’s stock after buying an additional 5,212 shares during the quarter. LPL Financial LLC’s holdings in Yandex were worth $3,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC raised its holdings in Yandex by 122.2% during the 1st quarter. Krane Funds Advisors LLC now owns 45,233 shares of the information services provider’s stock valued at $2,898,000 after buying an additional 24,878 shares during the last quarter. Millennium Management LLC raised its holdings in Yandex by 57.3% during the 1st quarter. Millennium Management LLC now owns 51,143 shares of the information services provider’s stock valued at $3,276,000 after buying an additional 18,629 shares during the last quarter. Steel Peak Wealth Management LLC bought a new stake in Yandex during the 1st quarter valued at $404,000. Cresset Asset Management LLC raised its holdings in Yandex by 213.7% during the 2nd quarter. Cresset Asset Management LLC now owns 10,868 shares of the information services provider’s stock valued at $769,000 after buying an additional 7,404 shares during the last quarter. Finally, Putnam Investments LLC raised its holdings in Yandex by 35.7% during the 1st quarter. Putnam Investments LLC now owns 505,554 shares of the information services provider’s stock valued at $32,386,000 after buying an additional 133,084 shares during the last quarter. Institutional investors own 66.68% of the company’s stock.

Several research analysts have commented on the stock. Citigroup upped their price objective on shares of Yandex from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Yandex from a “strong sell” rating to a “hold” rating and set a $84.00 price objective for the company in a report on Friday, October 1st. Morgan Stanley restated a “buy” rating and issued a $75.00 price objective on shares of Yandex in a report on Friday, July 23rd. Finally, UBS Group upgraded shares of Yandex from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $77.50 to $111.00 in a report on Monday, September 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $80.00.

Shares of YNDX stock opened at $78.01 on Thursday. Yandex has a one year low of $56.51 and a one year high of $82.62. The company’s 50-day moving average is $76.01 and its 200 day moving average is $70.09. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 152.96, a price-to-earnings-growth ratio of 15.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.22 and a current ratio of 3.30.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Wednesday, October 27th. The information services provider reported $3.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($6.61) by $10.30. Yandex had a net margin of 4.81% and a return on equity of 4.88%. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts predict that Yandex will post 0.14 earnings per share for the current fiscal year.

About Yandex

Yandex NV engages in the provision of search engines and online services. It operates through the following segments: Search and Portal; Yandex Market; Taxi; Media Services; Classifieds; and Other Bets and Experiments. The Search and Portal segment includes all the services offered in Russia, Belarus, and Kazakhstan.

See Also: Hold Rating

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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