Newbrook Capital Advisors LP lessened its holdings in Yandex NV (NASDAQ:YNDX) by 25.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,375,086 shares of the information services provider’s stock after selling 823,879 shares during the quarter. Yandex accounts for approximately 6.8% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 3rd biggest holding. Newbrook Capital Advisors LP owned 0.73% of Yandex worth $93,697,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of YNDX. OppenheimerFunds Inc. acquired a new stake in shares of Yandex in the 4th quarter valued at approximately $167,376,000. GQG Partners LLC raised its holdings in Yandex by 270.6% in the 1st quarter. GQG Partners LLC now owns 6,055,453 shares of the information services provider’s stock valued at $238,888,000 after buying an additional 4,421,325 shares during the last quarter. WCM Investment Management CA raised its holdings in Yandex by 4.5% during the 1st quarter. WCM Investment Management CA now owns 17,504,854 shares of the information services provider’s stock worth $690,566,000 after purchasing an additional 758,927 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Yandex during the 1st quarter worth approximately $24,813,000. Finally, BlackRock Inc. raised its holdings in Yandex by 14.0% during the 1st quarter. BlackRock Inc. now owns 4,966,630 shares of the information services provider’s stock worth $195,934,000 after purchasing an additional 608,871 shares during the last quarter. 69.43% of the stock is currently owned by hedge funds and other institutional investors.
Yandex opened at $35.90 on Friday, according to MarketBeat.com. Yandex NV has a 12 month low of $25.65 and a 12 month high of $44.49. The firm has a market capitalization of $11.34 billion, a PE ratio of 44.32 and a beta of 2.66.
Yandex (NASDAQ:YNDX) last released its quarterly earnings data on Wednesday, April 25th. The information services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The business had revenue of $464.00 million for the quarter. Yandex had a net margin of 10.30% and a return on equity of 15.28%. Yandex’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.41 earnings per share. equities research analysts anticipate that Yandex NV will post 0.97 EPS for the current year.
YNDX has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. ValuEngine downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Saturday, April 21st. Citigroup upgraded Yandex from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $39.25 to $40.00 in a research note on Thursday, March 29th. JPMorgan Chase & Co. boosted their price objective on Yandex from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Finally, BidaskClub cut Yandex from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $39.61.
Yandex Company Profile
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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