Comgest Global Investors S.A.S. bought a new position in shares of Yandex NV (NASDAQ:YNDX) in the first quarter, HoldingsChannel reports. The institutional investor bought 76,300 shares of the information services provider’s stock, valued at approximately $2,620,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Hound Partners LLC grew its holdings in shares of Yandex by 316.7% in the 4th quarter. Hound Partners LLC now owns 4,164,816 shares of the information services provider’s stock valued at $113,908,000 after acquiring an additional 3,165,321 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Yandex by 17.8% in the 4th quarter. American Century Companies Inc. now owns 3,600,711 shares of the information services provider’s stock valued at $98,479,000 after acquiring an additional 544,701 shares in the last quarter. Coronation Fund Managers Ltd. bought a new position in shares of Yandex in the 4th quarter valued at about $95,828,000. Van ECK Associates Corp grew its holdings in shares of Yandex by 4.1% in the 4th quarter. Van ECK Associates Corp now owns 3,069,933 shares of the information services provider’s stock valued at $83,963,000 after acquiring an additional 121,466 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Yandex in the 4th quarter valued at about $72,785,000. Hedge funds and other institutional investors own 63.91% of the company’s stock.
Shares of NASDAQ YNDX opened at $37.31 on Monday. The stock has a market capitalization of $12.12 billion, a PE ratio of 39.27 and a beta of 2.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.60 and a quick ratio of 2.60. Yandex NV has a fifty-two week low of $24.90 and a fifty-two week high of $39.70.
Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $16.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $16.12. Yandex had a return on equity of 11.81% and a net margin of 36.20%. The business had revenue of $37.28 billion during the quarter, compared to analysts’ expectations of $36.03 billion. During the same quarter last year, the company posted $11.96 earnings per share. Yandex’s quarterly revenue was up 40.3% on a year-over-year basis. As a group, sell-side analysts forecast that Yandex NV will post 1.33 EPS for the current fiscal year.
Several equities analysts have recently weighed in on YNDX shares. Zacks Investment Research upgraded Yandex from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. UBS Group set a $45.00 price objective on Yandex and gave the company a “buy” rating in a report on Tuesday, April 2nd. Bank of America set a $47.00 price objective on Yandex and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, BidaskClub cut Yandex from a “strong-buy” rating to a “buy” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $43.40.
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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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