Yandex NV (YNDX) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC raised its stake in shares of Yandex NV (NASDAQ:YNDX) by 56.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,498 shares of the company’s stock after buying an additional 94,220 shares during the period. Global X Management Co. LLC’s holdings in Yandex NV were worth $5,505,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Huntington National Bank raised its stake in shares of Yandex NV by 105.2% in the third quarter. Huntington National Bank now owns 6,893 shares of the company’s stock valued at $145,000 after buying an additional 3,534 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of Yandex NV during the third quarter valued at about $185,000. OLD National Bancorp IN acquired a new stake in shares of Yandex NV during the third quarter valued at about $216,000. Sawtooth Asset Management Inc. acquired a new stake in shares of Yandex NV during the second quarter valued at about $242,000. Finally, Sei Investments Co. raised its stake in shares of Yandex NV by 110.3% in the second quarter. Sei Investments Co. now owns 11,404 shares of the company’s stock valued at $249,000 after buying an additional 5,980 shares during the last quarter. Hedge funds and other institutional investors own 64.07% of the company’s stock.
Shares of Yandex NV (NASDAQ:YNDX) traded up 2.98% on Wednesday, reaching $19.01. 3,396,223 shares of the company were exchanged. The company’s 50 day moving average is $19.18 and its 200 day moving average is $20.87. Yandex NV has a 12-month low of $11.00 and a 12-month high of $23.87. The firm has a market capitalization of $6.12 billion, a PE ratio of 22.82 and a beta of 2.90.
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Several brokerages have issued reports on YNDX. Zacks Investment Research lowered shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of Yandex NV from $26.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Vetr upgraded shares of Yandex NV from a “buy” rating to a “strong-buy” rating and set a $24.97 price objective on the stock in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. set a $26.00 price objective on shares of Yandex NV and gave the stock a “buy” rating in a research note on Thursday, September 8th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.48.
About Yandex NV
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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