42,661 Shares in Yandex NV (YNDX) Acquired by Highbridge Capital Management LLC

Highbridge Capital Management LLC acquired a new position in shares of Yandex NV (NASDAQ:YNDX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 42,661 shares of the information services provider’s stock, valued at approximately $1,683,000.

A number of other hedge funds also recently made changes to their positions in the business. WCM Investment Management CA grew its holdings in Yandex by 4.5% during the 1st quarter. WCM Investment Management CA now owns 17,504,854 shares of the information services provider’s stock worth $690,566,000 after acquiring an additional 758,927 shares in the last quarter. Carmignac Gestion grew its holdings in Yandex by 0.3% during the 1st quarter. Carmignac Gestion now owns 6,942,417 shares of the information services provider’s stock worth $273,878,000 after acquiring an additional 18,643 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Yandex by 27.1% during the 1st quarter. OppenheimerFunds Inc. now owns 6,497,369 shares of the information services provider’s stock worth $256,320,000 after acquiring an additional 1,386,659 shares in the last quarter. GQG Partners LLC grew its holdings in Yandex by 270.6% during the 1st quarter. GQG Partners LLC now owns 6,055,453 shares of the information services provider’s stock worth $238,888,000 after acquiring an additional 4,421,325 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Yandex by 14.0% during the 1st quarter. BlackRock Inc. now owns 4,966,630 shares of the information services provider’s stock worth $195,934,000 after acquiring an additional 608,871 shares in the last quarter. 69.86% of the stock is owned by institutional investors.

NASDAQ YNDX opened at $35.55 on Friday. Yandex NV has a one year low of $25.65 and a one year high of $44.49. The stock has a market capitalization of $11.86 billion, a PE ratio of 43.89 and a beta of 2.66.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Wednesday, April 25th. The information services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). Yandex had a net margin of 10.30% and a return on equity of 15.28%. The business had revenue of $464.00 million during the quarter. During the same period in the previous year, the business earned $11.41 earnings per share. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. analysts anticipate that Yandex NV will post 0.97 earnings per share for the current fiscal year.

Several research analysts have weighed in on YNDX shares. Citigroup raised shares of Yandex from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $39.25 to $40.00 in a report on Thursday, March 29th. Zacks Investment Research raised shares of Yandex from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, March 21st. BidaskClub lowered shares of Yandex from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. ValuEngine raised shares of Yandex from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Yandex from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.61.

Yandex Company 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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