Capital Fund Management S.A. lowered its position in shares of Yandex NV (NASDAQ:YNDX) by 85.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,706 shares of the information services provider’s stock after selling 382,796 shares during the quarter. Capital Fund Management S.A.’s holdings in Yandex were worth $2,227,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of YNDX. OZ Management LP purchased a new position in shares of Yandex in the third quarter worth $87,615,000. Nokota Management LP lifted its holdings in shares of Yandex by 42.0% in the third quarter. Nokota Management LP now owns 269,764 shares of the information services provider’s stock worth $8,873,000 after buying an additional 79,764 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Yandex by 105.6% in the third quarter. OppenheimerFunds Inc. now owns 18,348,459 shares of the information services provider’s stock worth $603,480,000 after buying an additional 9,423,857 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Yandex by 25.9% in the third quarter. William Blair Investment Management LLC now owns 3,263,765 shares of the information services provider’s stock worth $107,345,000 after buying an additional 671,188 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Yandex by 39.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 940,156 shares of the information services provider’s stock worth $30,922,000 after buying an additional 263,672 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on YNDX. Zacks Investment Research downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine raised shares of Yandex from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Bank of America lowered their target price on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Yandex currently has a consensus rating of “Buy” and a consensus target price of $41.33.

Shares of YNDX opened at $29.25 on Monday. Yandex NV has a fifty-two week low of $24.90 and a fifty-two week high of $44.49. The firm has a market capitalization of $9.60 billion, a P/E ratio of 36.11 and a beta of 2.43.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Yandex had a net margin of 37.72% and a return on equity of 12.70%. The company had revenue of $496.60 million for the quarter. During the same quarter in the prior year, the firm posted $7.16 EPS. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. On average, analysts forecast that Yandex NV will post 0.81 EPS for the current fiscal year.

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Yandex Profile

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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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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