Neuberger Berman Group LLC Has $111.91 Million Stock Holdings in Yandex (NASDAQ:YNDX)

Neuberger Berman Group LLC lessened its position in Yandex (NASDAQ:YNDX) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,582,979 shares of the information services provider’s stock after selling 5,585 shares during the period. Neuberger Berman Group LLC’s holdings in Yandex were worth $111,905,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Krane Funds Advisors LLC boosted its stake in shares of Yandex by 122.2% in the 1st quarter. Krane Funds Advisors LLC now owns 45,233 shares of the information services provider’s stock valued at $2,898,000 after purchasing an additional 24,878 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Yandex by 57.3% in the 1st quarter. Millennium Management LLC now owns 51,143 shares of the information services provider’s stock valued at $3,276,000 after purchasing an additional 18,629 shares in the last quarter. Steel Peak Wealth Management LLC acquired a new stake in shares of Yandex in the 1st quarter valued at $404,000. Cresset Asset Management LLC boosted its stake in shares of Yandex by 213.7% in the 2nd quarter. Cresset Asset Management LLC now owns 10,868 shares of the information services provider’s stock valued at $769,000 after purchasing an additional 7,404 shares in the last quarter. Finally, Putnam Investments LLC boosted its stake in shares of Yandex by 35.7% in the 1st quarter. Putnam Investments LLC now owns 505,554 shares of the information services provider’s stock valued at $32,386,000 after purchasing an additional 133,084 shares in the last quarter. Institutional investors own 66.68% of the company’s stock.

Yandex stock opened at $76.99 on Thursday. The company has a current ratio of 3.30, a quick ratio of 3.22 and a debt-to-equity ratio of 0.24. Yandex has a 1 year low of $55.62 and a 1 year high of $82.62. The company has a market cap of $27.27 billion, a PE ratio of 150.96, a PEG ratio of 15.10 and a beta of 1.35. The company’s 50-day moving average is $75.47 and its two-hundred day moving average is $69.74.

Yandex (NASDAQ:YNDX) last released its earnings results on Wednesday, July 28th. The information services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.35). Yandex had a net margin of 4.81% and a return on equity of 4.88%. The business had revenue of $1.12 billion for the quarter. Research analysts forecast that Yandex will post 0.14 EPS for the current year.

YNDX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Yandex from a “strong sell” rating to a “hold” rating and set a $84.00 target price on the stock in a research note on Friday, October 1st. UBS Group upgraded shares of Yandex from a “neutral” rating to a “buy” rating and upped their price target for the stock from $77.50 to $111.00 in a research report on Monday, September 27th. Finally, Morgan Stanley reiterated a “buy” rating and set a $75.00 price target on shares of Yandex in a research report on Friday, July 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $78.75.

About Yandex

Yandex NV engages in the provision of search engines and online services. It operates through the following segments: Search and Portal; Yandex Market; Taxi; Media Services; Classifieds; and Other Bets and Experiments. The Search and Portal segment includes all the services offered in Russia, Belarus, and Kazakhstan.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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