Wells Fargo & Company MN cut its position in shares of Yandex NV (NASDAQ:YNDX) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,375,018 shares of the information services provider’s stock after selling 51,612 shares during the quarter. Wells Fargo & Company MN owned 1.64% of Yandex worth $176,785,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in Yandex during the third quarter worth about $115,000. FNY Investment Advisers LLC acquired a new stake in Yandex during the second quarter worth about $143,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Yandex during the second quarter worth about $144,000. Cynosure Advisors LLC acquired a new stake in Yandex during the second quarter worth about $241,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in Yandex during the second quarter worth about $240,000. 68.81% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ YNDX opened at $28.21 on Friday. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 34.83 and a beta of 2.43. Yandex NV has a 1-year low of $24.90 and a 1-year high of $44.49.
Yandex (NASDAQ:YNDX) last released its quarterly earnings data on Monday, October 29th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $496.60 million for the quarter. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.16 earnings per share. Equities research analysts predict that Yandex NV will post 0.81 EPS for the current fiscal year.
YNDX has been the topic of a number of recent research reports. Zacks Investment Research downgraded Yandex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th. BidaskClub downgraded Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, ValuEngine downgraded Yandex from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Yandex has a consensus rating of “Buy” and a consensus 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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