Pendal Group Ltd purchased a new position in shares of Yandex NV (NASDAQ:YNDX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 112,295 shares of the information services provider’s stock, valued at approximately $4,884,000.
Several other hedge funds have also recently bought and sold shares of YNDX. Vanguard Group Inc. grew its stake in shares of Yandex by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 288,020 shares of the information services provider’s stock worth $10,945,000 after acquiring an additional 17,146 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Yandex by 41.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,288 shares of the information services provider’s stock worth $278,000 after acquiring an additional 2,145 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Yandex by 245.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 178,471 shares of the information services provider’s stock worth $6,248,000 after acquiring an additional 126,835 shares during the period. WCM Investment Management LLC lifted its holdings in Yandex by 6.5% during the 3rd quarter. WCM Investment Management LLC now owns 309,993 shares of the information services provider’s stock worth $10,853,000 after purchasing an additional 18,941 shares in the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in Yandex during the 3rd quarter worth about $46,000. Institutional investors own 66.03% of the company’s stock.
A number of analysts recently issued reports on the company. Tigress Financial assumed coverage on Yandex in a report on Friday, January 17th. They set a “buy” rating on the stock. ValuEngine raised Yandex from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, BidaskClub raised Yandex from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.33.
YNDX traded down $1.95 during trading on Friday, reaching $46.67. 302,132 shares of the company were exchanged, compared to its average volume of 2,101,359. The company’s 50-day moving average is $45.21 and its two-hundred day moving average is $39.03. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 57.69, a P/E/G ratio of 0.69 and a beta of 1.96. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.04. Yandex NV has a 12-month low of $28.91 and a 12-month high of $48.95.
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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