Bank of New York Mellon Corp boosted its position in Yandex NV (NASDAQ:YNDX) by 32.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,425,123 shares of the information services provider’s stock after buying an additional 596,470 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.74% of Yandex worth $87,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in YNDX. FNY Investment Advisers LLC purchased a new stake in Yandex in the second quarter worth $143,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Yandex in the second quarter worth $144,000. NumerixS Investment Technologies Inc purchased a new stake in Yandex in the second quarter worth $240,000. Cynosure Advisors LLC purchased a new stake in Yandex in the second quarter worth $241,000. Finally, BNP Paribas Arbitrage SA increased its position in Yandex by 80,000.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,010 shares of the information services provider’s stock worth $288,000 after buying an additional 8,000 shares during the last quarter. 68.81% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on YNDX shares. Bank of America decreased their target price on Yandex from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 5th. Zacks Investment Research raised Yandex from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, July 19th. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. BidaskClub upgraded Yandex from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Finally, Deutsche Bank reduced their price target on Yandex from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Yandex has an average rating of “Buy” and a consensus price target of $41.33.
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, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $496.60 million during the quarter. Yandex had a return on equity of 12.70% and a net margin of 37.72%. Yandex’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm posted $7.16 earnings per share. As a group, analysts anticipate that Yandex NV will post 0.81 EPS for the current year.
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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