Sciencast Management LP bought a new stake in Yandex NV (NASDAQ:YNDX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,867 shares of the information services provider’s stock, valued at approximately $257,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Eqis Capital Management Inc. grew its position in shares of Yandex by 1.2% in the third quarter. Eqis Capital Management Inc. now owns 57,435 shares of the information services provider’s stock valued at $2,011,000 after purchasing an additional 656 shares during the period. Quest Capital Management Inc. ADV acquired a new stake in shares of Yandex in the third quarter valued at about $46,000. Hexavest Inc. grew its position in shares of Yandex by 3.0% in the fourth quarter. Hexavest Inc. now owns 46,624 shares of the information services provider’s stock valued at $2,028,000 after purchasing an additional 1,337 shares during the period. BB&T Corp grew its position in shares of Yandex by 10.0% in the third quarter. BB&T Corp now owns 18,201 shares of the information services provider’s stock valued at $638,000 after purchasing an additional 1,657 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Yandex by 41.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,288 shares of the information services provider’s stock valued at $278,000 after purchasing an additional 2,145 shares during the period. Institutional investors and hedge funds own 65.18% of the company’s stock.
NASDAQ:YNDX opened at $45.40 on Tuesday. The company’s 50-day moving average price is $43.01 and its 200-day moving average price is $38.18. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.04. The company has a market cap of $14.74 billion, a P/E ratio of 56.05, a P/E/G ratio of 0.66 and a beta of 2.03. Yandex NV has a twelve month low of $28.91 and a twelve month high of $45.46.
Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Friday, October 25th. The information services provider reported $20.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $20.15. The firm had revenue of $45.01 billion for the quarter, compared to the consensus estimate of $44.44 billion. Yandex had a net margin of 10.94% and a return on equity of 12.22%. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same period last year, the firm posted $18.80 earnings per share. On average, analysts expect that Yandex NV will post 0.93 earnings per share for the current year.
YNDX has been the topic of several research analyst reports. UBS Group set a $54.30 target price on shares of Yandex and gave the company a “buy” rating in a research report on Friday, October 11th. Tigress Financial initiated coverage on shares of Yandex in a research report on Friday. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, BidaskClub lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Yandex currently has a consensus rating of “Buy” and a consensus target price of $48.33.
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.
Featured Story: Trading Penny Stocks
Want to see what other hedge funds are holding YNDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yandex NV (NASDAQ:YNDX).
Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.