Parametric Portfolio Associates LLC Decreases Stock Position in Yandex NV (NASDAQ:YNDX)

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Parametric Portfolio Associates LLC cut its position in Yandex NV (NASDAQ:YNDX) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,121,531 shares of the information services provider’s stock after selling 98,246 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Yandex were worth $42,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Genesis Asset Managers LLP boosted its stake in shares of Yandex by 1.3% in the second quarter. Genesis Asset Managers LLP now owns 5,801,957 shares of the information services provider’s stock valued at $220,474,000 after purchasing an additional 76,967 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Yandex by 21.6% in the second quarter. William Blair Investment Management LLC now owns 3,905,329 shares of the information services provider’s stock valued at $148,403,000 after purchasing an additional 692,919 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Yandex by 0.9% in the first quarter. Wells Fargo & Company MN now owns 3,399,443 shares of the information services provider’s stock valued at $116,737,000 after purchasing an additional 29,199 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Yandex by 21.8% in the first quarter. Neuberger Berman Group LLC now owns 2,912,723 shares of the information services provider’s stock valued at $100,023,000 after purchasing an additional 520,736 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Yandex by 20.4% in the first quarter. Artisan Partners Limited Partnership now owns 2,093,556 shares of the information services provider’s stock valued at $71,893,000 after purchasing an additional 354,309 shares during the period. Institutional investors and hedge funds own 72.13% of the company’s stock.

NASDAQ YNDX traded up $0.14 during trading hours on Friday, reaching $37.88. 706,617 shares of the company traded hands, compared to its average volume of 1,188,998. Yandex NV has a 12 month low of $24.90 and a 12 month high of $42.37. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $12.26 billion, a PE ratio of 39.87 and a beta of 1.98. The company has a 50 day moving average of $37.20 and a two-hundred day moving average of $37.11.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings data on Friday, July 26th. The information services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.10). Yandex had a net margin of 12.15% and a return on equity of 12.09%. The company had revenue of $41.40 billion for the quarter, compared to the consensus estimate of $40.64 billion. During the same quarter last year, the company earned $15.11 earnings per share. The company’s revenue was up 41.0% compared to the same quarter last year. On average, equities research analysts anticipate that Yandex NV will post 1.14 earnings per share for the current year.

Several research analysts have recently weighed in on YNDX shares. OTR Global began coverage on shares of Yandex in a research note on Thursday, June 27th. They issued a “positive” rating for the company. Renaissance Capital upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. BidaskClub downgraded shares of Yandex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 6th. VTB Capital upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Finally, ValuEngine downgraded shares of Yandex from a “hold” rating to a “sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Yandex has a consensus rating of “Buy” and an average price target of $44.20.

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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