Kopernik Global Investors LLC lowered its position in Yandex N.V. (NASDAQ:YNDX) by 36.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 397,631 shares of the information services provider’s stock after selling 230,576 shares during the period. Yandex makes up approximately 2.7% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 15th biggest holding. Kopernik Global Investors LLC owned approximately 0.12% of Yandex worth $13,103,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new position in shares of Yandex during the second quarter worth approximately $110,000. Parallel Advisors LLC increased its position in shares of Yandex by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after acquiring an additional 472 shares during the period. QCM Cayman Ltd. purchased a new position in shares of Yandex during the second quarter worth approximately $206,000. MML Investors Services LLC increased its position in shares of Yandex by 12.9% during the second quarter. MML Investors Services LLC now owns 10,417 shares of the information services provider’s stock worth $273,000 after acquiring an additional 1,189 shares during the period. Finally, CIBC World Markets Inc. purchased a new position in shares of Yandex during the second quarter worth approximately $290,000. 64.27% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on YNDX shares. Deutsche Bank AG raised their target price on shares of Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $37.20 target price on shares of Yandex in a research report on Tuesday, September 5th. Zacks Investment Research lowered shares of Yandex from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. TheStreet lowered shares of Yandex from a “b-” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, VTB Capital raised shares of Yandex from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, August 3rd. 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. Yandex presently has a consensus rating of “Hold” and a consensus price target of $35.73.
Yandex N.V. (YNDX) opened at $35.00 on Monday. The stock has a market cap of $11,410.00, a P/E ratio of 59.32, a P/E/G ratio of 2.10 and a beta of 2.84. 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 $18.28 and a 1-year high of $35.32.
Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $404.00 million for the quarter. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $11.64 earnings per share. equities analysts predict that Yandex N.V. will post 0.57 EPS for the current year.
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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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