WCM Investment Management CA boosted its position in Yandex N.V. (NASDAQ:YNDX) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,725,395 shares of the information services provider’s stock after acquiring an additional 260,240 shares during the quarter. Yandex N.V. accounts for 6.5% of WCM Investment Management CA’s holdings, making the stock its 7th largest holding. WCM Investment Management CA owned 4.83% of Yandex N.V. worth $518,151,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. TCW Group Inc. bought a new stake in shares of Yandex N.V. during the third quarter worth $1,239,000. Advisor Group Inc. grew its stake in shares of Yandex N.V. by 34.3% during the third quarter. Advisor Group Inc. now owns 29,738 shares of the information services provider’s stock worth $980,000 after buying an additional 7,602 shares during the last quarter. Opera Trading Capital bought a new stake in shares of Yandex N.V. during the third quarter worth $6,590,000. Sei Investments Co. grew its stake in shares of Yandex N.V. by 6.4% during the third quarter. Sei Investments Co. now owns 295,235 shares of the information services provider’s stock worth $9,728,000 after buying an additional 17,689 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC grew its stake in shares of Yandex N.V. by 15.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 277,927 shares of the information services provider’s stock worth $9,158,000 after buying an additional 37,838 shares during the last quarter. 63.67% of the stock is currently owned by institutional investors and hedge funds.
Yandex N.V. (YNDX) traded up $0.63 during mid-day trading on Tuesday, reaching $31.62. 3,383,100 shares of the company traded hands, compared to its average volume of 2,517,068. The firm has a market capitalization of $10,095.77, a price-to-earnings ratio of 52.53, a price-to-earnings-growth ratio of 2.04 and a beta of 2.84. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $34.83.
Yandex N.V. (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Yandex N.V. had a net margin of 7.32% and a return on equity of 14.48%. The business had revenue of $404.00 million for the quarter. During the same quarter in the previous year, the firm earned $11.64 EPS. Yandex N.V.’s quarterly revenue was up 21.5% on a year-over-year basis. equities analysts anticipate that Yandex N.V. will post 0.52 earnings per share for the current year.
YNDX has been the topic of a number of research reports. Zacks Investment Research raised shares of Yandex N.V. from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. VTB Capital lowered shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Deutsche Bank AG lifted their price target on shares of Yandex N.V. from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $37.30 price target on shares of Yandex N.V. in a report on Wednesday, July 26th. Finally, TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.73.
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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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