Employees Retirement System of Texas grew its position in Yandex NV (NASDAQ:YNDX) by 30.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 137,000 shares of the information services provider’s stock after buying an additional 32,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Yandex were worth $4,487,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in YNDX. Harding Loevner LP raised its position in shares of Yandex by 45.2% in the third quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock valued at $124,012,000 after purchasing an additional 1,752,160 shares during the period. Genesis Asset Managers LLP bought a new position in shares of Yandex in the fourth quarter valued at approximately $38,012,000. Barings LLC bought a new position in shares of Yandex in the fourth quarter valued at approximately $36,688,000. WCM Investment Management CA raised its position in shares of Yandex by 6.5% in the fourth quarter. WCM Investment Management CA now owns 16,745,927 shares of the information services provider’s stock valued at $548,429,000 after purchasing an additional 1,020,532 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Yandex by 27.8% in the third quarter. American Century Companies Inc. now owns 4,333,538 shares of the information services provider’s stock valued at $142,790,000 after purchasing an additional 942,720 shares during the period. 67.62% of the stock is currently owned by institutional investors.
Shares of Yandex NV (YNDX) opened at $42.49 on Friday. The stock has a market cap of $13,870.00, a price-to-earnings ratio of 90.40, a PEG ratio of 1.04 and a beta of 2.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.28 and a quick ratio of 4.47. Yandex NV has a 52 week low of $21.40 and a 52 week high of $44.49.
Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Thursday, February 15th. The information services provider reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. Yandex had a net margin of 12.56% and a return on equity of 17.13%. The firm had revenue of $483.70 million for the quarter. During the same quarter in the prior year, the firm earned $9.94 EPS. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. research analysts expect that Yandex NV will post 1.17 EPS for the current year.
Several equities research analysts have recently issued reports on YNDX shares. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $47.00 price objective on shares of Yandex in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. VTB Capital downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Bank of America raised their price objective on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently 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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