First Republic Investment Management Inc. raised its stake in shares of Yandex N.V. (NASDAQ:YNDX) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,193 shares of the information services provider’s stock after buying an additional 4,852 shares during the quarter. First Republic Investment Management Inc.’s holdings in Yandex were worth $1,061,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. WCM Investment Management CA grew its holdings in Yandex by 1.7% during the 3rd quarter. WCM Investment Management CA now owns 15,725,395 shares of the information services provider’s stock valued at $518,151,000 after buying an additional 260,240 shares during the last quarter. FMR LLC grew its holdings in Yandex by 1.8% during the 2nd quarter. FMR LLC now owns 6,732,588 shares of the information services provider’s stock valued at $176,663,000 after buying an additional 120,892 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Yandex by 8.2% during the 3rd quarter. Wells Fargo & Company MN now owns 5,826,881 shares of the information services provider’s stock valued at $191,996,000 after buying an additional 439,759 shares during the last quarter. Harding Loevner LP grew its holdings in Yandex by 45.2% during the 3rd quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock valued at $124,012,000 after buying an additional 1,752,160 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Yandex by 27.8% during the 3rd quarter. American Century Companies Inc. now owns 4,333,538 shares of the information services provider’s stock valued at $142,790,000 after buying an additional 942,720 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Bank of America raised their price objective on Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 27th. Zacks Investment Research upgraded Yandex from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, October 5th. Goldman Sachs Group restated a “buy” rating and set a $37.20 price objective on shares of Yandex in a report on Tuesday, September 5th. Deutsche Bank raised their price objective on Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, TheStreet cut Yandex from a “b-” rating to a “c” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Yandex currently has an average rating of “Hold” and an average target price of $36.89.

Shares of Yandex N.V. (NASDAQ:YNDX) opened at $32.05 on Friday. Yandex N.V. has a fifty-two week low of $19.92 and a fifty-two week high of $35.32. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10,659.36, a price-to-earnings ratio of 55.46, a PEG ratio of 1.74 and a beta of 2.80.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Yandex had a return on equity of 14.48% and a net margin of 7.32%. The business had revenue of $404.00 million for the quarter. During the same quarter last year, the business earned $11.64 EPS. Yandex’s revenue for the quarter was up 21.5% compared to the same quarter last year. research analysts expect that Yandex N.V. will post 0.57 EPS for the current fiscal year.

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About Yandex

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.

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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