394,370 Shares in Yandex N.V. (YNDX) Acquired by Soros Fund Management LLC

Soros Fund Management LLC bought a new position in Yandex N.V. (NASDAQ:YNDX) during the first quarter, Holdings Channel reports. The fund bought 394,370 shares of the information services provider’s stock, valued at approximately $8,649,000.

Several other hedge funds also recently bought and sold shares of YNDX. Aberdeen Asset Management PLC UK boosted its stake in Yandex N.V. by 2.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 43,800 shares of the information services provider’s stock worth $882,000 after buying an additional 1,000 shares during the last quarter. State Street Corp boosted its stake in Yandex N.V. by 34.1% in the fourth quarter. State Street Corp now owns 858,277 shares of the information services provider’s stock worth $17,273,000 after buying an additional 218,394 shares during the last quarter. FMR LLC boosted its stake in Yandex N.V. by 27.0% in the fourth quarter. FMR LLC now owns 5,071,297 shares of the information services provider’s stock worth $102,085,000 after buying an additional 1,078,700 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in Yandex N.V. by 32.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 34,664 shares of the information services provider’s stock worth $698,000 after buying an additional 8,451 shares during the last quarter. Finally, Aviva PLC boosted its stake in Yandex N.V. by 5.8% in the fourth quarter. Aviva PLC now owns 159,415 shares of the information services provider’s stock worth $3,211,000 after buying an additional 8,787 shares during the last quarter. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Yandex N.V. (NASDAQ:YNDX)

Yandex N.V. (NASDAQ:YNDX) traded down 0.78% during midday trading on Friday, hitting $25.57. 3,398,627 shares of the company were exchanged. The firm has a market capitalization of $8.28 billion, a PE ratio of 39.58 and a beta of 2.76. The stock has a 50 day moving average of $27.32 and a 200 day moving average of $23.46. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $29.13.

Yandex N.V. (NASDAQ:YNDX) last issued its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. Yandex N.V. had a net margin of 8.07% and a return on equity of 14.52%. The business had revenue of $20.65 billion for the quarter. During the same period in the prior year, the business posted $9.81 earnings per share. Yandex N.V.’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts predict that Yandex N.V. will post $0.91 earnings per share for the current fiscal year.

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Several analysts recently weighed in on YNDX shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Yandex N.V. in a research note on Thursday, April 6th. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday. Zacks Investment Research raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, May 30th. Standpoint Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research note on Saturday, April 29th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.55.

Yandex N.V. Company Profile

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.

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