Seven Eight Capital LP reduced its holdings in shares of Yandex NV (NASDAQ:YNDX) by 54.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 102,265 shares of the information services provider’s stock after selling 124,200 shares during the period. Seven Eight Capital LP’s holdings in Yandex were worth $3,363,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in Yandex by 7.2% during the second quarter. American Century Companies Inc. now owns 3,602,897 shares of the information services provider’s stock worth $129,344,000 after buying an additional 241,530 shares during the period. United Services Automobile Association grew its stake in Yandex by 169.7% during the second quarter. United Services Automobile Association now owns 268,677 shares of the information services provider’s stock worth $9,646,000 after buying an additional 169,061 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Yandex during the second quarter worth approximately $240,000. Point72 Hong Kong Ltd purchased a new stake in Yandex during the second quarter worth approximately $2,693,000. Finally, GAM Holding AG grew its stake in Yandex by 16.3% during the second quarter. GAM Holding AG now owns 72,248 shares of the information services provider’s stock worth $2,594,000 after buying an additional 10,148 shares during the period. Institutional investors own 69.28% of the company’s stock.
NASDAQ YNDX opened at $27.42 on Friday. Yandex NV has a 52 week low of $24.90 and a 52 week high of $44.49. The firm has a market cap of $9.68 billion, a PE ratio of 33.85 and a beta of 2.54.
Yandex (NASDAQ:YNDX) last posted its earnings results on Thursday, July 26th. The information services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Yandex had a return on equity of 12.72% and a net margin of 36.22%. The firm had revenue of $472.80 million for the quarter. During the same quarter in the prior year, the firm posted $12.12 earnings per share. The company’s quarterly revenue was up 38.8% on a year-over-year basis. Research analysts anticipate that Yandex NV will post 0.97 EPS for the current year.
Several equities research analysts have issued reports on YNDX shares. ValuEngine downgraded shares of Yandex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Yandex from a “hold” rating to a “strong sell” rating in a research note on Monday, September 17th. Bank of America decreased their price objective on shares of Yandex from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 5th. Finally, BidaskClub downgraded shares of Yandex from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.60.
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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