Invesco Ltd. Has $633.03 Million Stock Position in Yandex NV (NASDAQ:YNDX)

Invesco Ltd. lifted its position in Yandex NV (NASDAQ:YNDX) by 450.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,658,596 shares of the information services provider’s stock after buying an additional 13,633,061 shares during the quarter. Invesco Ltd. owned about 5.13% of Yandex worth $633,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc bought a new position in Yandex during the first quarter worth $205,000. Keybank National Association OH increased its holdings in Yandex by 46.4% in the 1st quarter. Keybank National Association OH now owns 28,405 shares of the information services provider’s stock valued at $975,000 after buying an additional 8,998 shares during the period. Todd Asset Management LLC increased its holdings in Yandex by 2.5% in the 1st quarter. Todd Asset Management LLC now owns 589,424 shares of the information services provider’s stock valued at $20,241,000 after buying an additional 14,105 shares during the period. US Bancorp DE increased its holdings in Yandex by 11.2% in the 1st quarter. US Bancorp DE now owns 116,638 shares of the information services provider’s stock valued at $4,006,000 after buying an additional 11,761 shares during the period. Finally, Penserra Capital Management LLC increased its holdings in Yandex by 2.0% in the 1st quarter. Penserra Capital Management LLC now owns 490,153 shares of the information services provider’s stock valued at $16,831,000 after buying an additional 9,466 shares during the period. Institutional investors and hedge funds own 66.43% of the company’s stock.

Yandex stock traded up $0.29 during trading hours on Wednesday, reaching $37.97. 21,691 shares of the company’s stock traded hands, compared to its average volume of 1,168,336. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.03 and a current ratio of 3.03. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 39.91 and a beta of 1.98. The firm’s 50 day moving average is $37.20 and its 200-day moving average is $37.20. Yandex NV has a fifty-two week low of $24.90 and a fifty-two week high of $42.37.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, July 26th. The information services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The company had revenue of $41.40 billion during the quarter, compared to the consensus estimate of $40.64 billion. Yandex had a net margin of 12.15% and a return on equity of 12.09%. The business’s revenue was up 41.0% compared to the same quarter last year. During the same period last year, the company earned $15.11 earnings per share. Analysts predict that Yandex NV will post 1.14 EPS for the current year.

YNDX has been the topic of several analyst reports. Renaissance Capital raised shares of Yandex from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. BidaskClub lowered shares of Yandex from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th. HSBC set a $45.00 price target on shares of Yandex and gave the company a “buy” rating in a report on Friday, June 14th. VTB Capital raised shares of Yandex from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, ValuEngine lowered shares of Yandex from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Yandex presently has an average rating of “Buy” and a consensus price target of $44.20.

Yandex 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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