Grantham Mayo Van Otterloo & Co. LLC grew its position in Yandex NV (NASDAQ:YNDX) by 60.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,300 shares of the information services provider’s stock after purchasing an additional 72,000 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.06% of Yandex worth $7,231,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in YNDX. American Beacon Advisors Inc. raised its position in shares of Yandex by 44.0% in the first quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 297 shares during the period. Joseph P. Lucia & Associates LLC bought a new position in Yandex during the second quarter worth $139,000. KBC Group NV increased its position in Yandex by 19.3% during the second quarter. KBC Group NV now owns 4,837 shares of the information services provider’s stock worth $184,000 after acquiring an additional 783 shares during the period. CIBC Asset Management Inc bought a new position in Yandex during the first quarter worth $205,000. Finally, Pitcairn Co. bought a new position in Yandex during the second quarter worth $206,000. 72.13% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on YNDX shares. HSBC set a $45.00 target price on shares of Yandex and gave the stock a “buy” rating in a research report on Friday, June 14th. BidaskClub lowered shares of Yandex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th. VTB Capital raised shares of Yandex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Bank of America set a $50.00 target price on shares of Yandex and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, OTR Global started coverage on shares of Yandex in a research report on Thursday, June 27th. They set a “positive” rating on the stock. Two analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Yandex currently has a consensus rating of “Buy” and a consensus price target of $44.20.
Shares of Yandex stock opened at $37.96 on Thursday. The firm has a market capitalization of $12.17 billion, a PE ratio of 39.96 and a beta of 1.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.03 and a quick ratio of 3.03. The company’s fifty day moving average price is $37.23 and its two-hundred day moving average price is $37.09. Yandex NV has a 52-week low of $24.90 and a 52-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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.10). The business 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 company’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period last year, the firm earned $15.11 EPS. Analysts predict that Yandex NV will post 1.19 earnings per share for the current fiscal year.
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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