Newbrook Capital Advisors LP lowered its stake in shares of Yandex NV (NASDAQ:YNDX) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,198,965 shares of the information services provider’s stock after selling 825,140 shares during the period. Yandex makes up 7.1% of Newbrook Capital Advisors LP’s portfolio, making the stock its 6th biggest position. Newbrook Capital Advisors LP owned approximately 0.98% of Yandex worth $104,766,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Yandex during the third quarter worth about $305,000. Barings LLC acquired a new stake in shares of Yandex during the fourth quarter worth about $36,688,000. Advisor Group Inc. raised its position in shares of Yandex by 34.3% during the third quarter. Advisor Group Inc. now owns 29,738 shares of the information services provider’s stock worth $980,000 after purchasing an additional 7,602 shares during the period. EastBay Asset Management LLC raised its position in shares of Yandex by 3.2% during the fourth quarter. EastBay Asset Management LLC now owns 1,833,139 shares of the information services provider’s stock worth $60,035,000 after purchasing an additional 56,111 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of Yandex by 23.5% during the third quarter. Artisan Partners Limited Partnership now owns 1,373,904 shares of the information services provider’s stock worth $45,270,000 after purchasing an additional 261,876 shares during the period. Hedge funds and other institutional investors own 67.90% of the company’s stock.
A number of equities research analysts have recently commented on the company. BidaskClub lowered Yandex from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Yandex from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. ValuEngine raised Yandex from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $47.00 target price on shares of Yandex in a research report on Thursday, February 8th. Finally, Bank of America lifted their target price on Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $38.90.
Yandex (NASDAQ:YNDX) last announced its earnings results on Thursday, February 15th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business had revenue of $483.70 million for the quarter. Yandex had a return on equity of 17.70% and a net margin of 9.32%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business posted $9.94 EPS. equities analysts expect that Yandex NV will post 1.23 earnings per share for the current year.
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.
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