Wells Fargo & Company MN lessened its stake in Yandex NV (NASDAQ:YNDX) by 1.0% in the 3rd quarter, Holdings Channel reports. The firm owned 5,375,018 shares of the information services provider’s stock after selling 51,612 shares during the period. Wells Fargo & Company MN’s holdings in Yandex were worth $176,785,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of YNDX. Confluence Investment Management LLC acquired a new stake in shares of Yandex during the 2nd quarter worth about $371,000. Bank of Montreal Can boosted its holdings in Yandex by 44.6% during the 2nd quarter. Bank of Montreal Can now owns 394,007 shares of the information services provider’s stock valued at $14,145,000 after acquiring an additional 121,524 shares during the period. Pendal Group Ltd purchased a new position in Yandex during the 2nd quarter valued at about $21,117,000. FNY Investment Advisers LLC purchased a new position in Yandex during the 2nd quarter valued at about $143,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Yandex by 80,000.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,010 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 8,000 shares during the period. Hedge funds and other institutional investors own 68.81% of the company’s stock.
Shares of Yandex stock opened at $28.21 on Friday. Yandex NV has a 12 month low of $24.90 and a 12 month high of $44.49. The stock has a market cap of $9.75 billion, a P/E ratio of 34.83 and a beta of 2.43.
Yandex (NASDAQ:YNDX) last announced its earnings results on Monday, October 29th. The information services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $496.60 million during the quarter. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The business’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the business earned $7.16 earnings per share. As a group, equities analysts anticipate that Yandex NV will post 0.81 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Yandex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th. BidaskClub cut Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, Bank of America lowered their target price on Yandex from $49.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $41.33.
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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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