Thornburg Investment Management Inc. Increases Stake in Yandex NV (YNDX)

Thornburg Investment Management Inc. lifted its position in Yandex NV (NASDAQ:YNDX) by 6.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,224,409 shares of the information services provider’s stock after acquiring an additional 143,406 shares during the period. Thornburg Investment Management Inc.’s holdings in Yandex were worth $76,386,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Coronation Fund Managers Ltd. purchased a new stake in Yandex during the 4th quarter valued at $95,828,000. Hound Partners LLC boosted its stake in Yandex by 316.7% during 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 purchasing an additional 3,165,321 shares during the last quarter. Norges Bank purchased a new stake in Yandex during the 4th quarter valued at $72,785,000. Genesis Asset Managers LLP boosted its stake in Yandex by 72.5% during the 4th quarter. Genesis Asset Managers LLP now owns 6,112,390 shares of the information services provider’s stock valued at $167,174,000 after purchasing an additional 2,569,053 shares during the last quarter. Finally, TT International purchased a new stake in Yandex during the 4th quarter valued at $53,935,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on YNDX. Zacks Investment Research upgraded Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. HSBC set a $44.00 price target on Yandex and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. BidaskClub downgraded Yandex from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 19th. Finally, Bank of America set a $47.00 price target on Yandex and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.40.

Shares of YNDX stock traded up $0.24 on Friday, reaching $37.51. The stock had a trading volume of 75,728 shares, compared to its average volume of 2,360,121. The company has a market cap of $11.89 billion, a P/E ratio of 39.49 and a beta of 2.18. Yandex NV has a 1 year low of $24.90 and a 1 year high of $39.70. 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 (NASDAQ:YNDX) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $16.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $16.12. The firm had revenue of $37.28 billion for the quarter, compared to the consensus estimate of $36.03 billion. Yandex had a return on equity of 11.81% and a net margin of 36.20%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period last year, the business posted $11.96 EPS. As a group, analysts expect that Yandex NV will post 1.33 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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