Tiger Legatus Capital Management LLC boosted its stake in shares of Yandex NV (NASDAQ:YNDX) by 70.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 651,000 shares of the information services provider’s stock after buying an additional 268,600 shares during the quarter. Yandex makes up approximately 9.9% of Tiger Legatus Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Tiger Legatus Capital Management LLC’s holdings in Yandex were worth $22,792,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Invesco Ltd. grew its position in Yandex by 450.6% during the second quarter. Invesco Ltd. now owns 16,658,596 shares of the information services provider’s stock valued at $633,026,000 after buying an additional 13,633,061 shares during the period. Genesis Investment Management LLP purchased a new stake in Yandex during the third quarter valued at about $222,640,000. Genesis Asset Managers LLP lifted its holdings in Yandex by 1.3% during 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 last quarter. William Blair Investment Management LLC lifted its holdings in Yandex by 21.6% during 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 last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in Yandex during the second quarter valued at about $93,541,000. Institutional investors own 68.25% of the company’s stock.
Several research firms have commented on YNDX. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. ValuEngine raised shares of Yandex from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Finally, UBS Group set a $54.30 price objective on shares of Yandex and gave the company a “buy” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $48.33.
Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, October 25th. The information services provider reported $20.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $20.15. Yandex had a net margin of 10.94% and a return on equity of 12.22%. The firm had revenue of $45.01 billion for the quarter, compared to the consensus estimate of $44.44 billion. During the same period in the prior year, the firm posted $18.80 earnings per share. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, analysts expect that Yandex NV will post 1.01 EPS for the current 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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