BlueCrest Capital Management Ltd Buys New Stake in Yandex N.V. (YNDX)

BlueCrest Capital Management Ltd bought a new stake in shares of Yandex N.V. (NASDAQ:YNDX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the information services provider’s stock, valued at approximately $2,624,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Symmetry Peak Management LLC purchased a new position in Yandex N.V. during the second quarter valued at $328,000. Maverick Capital Ltd. lifted its position in Yandex N.V. by 49.0% during the second quarter. Maverick Capital Ltd. now owns 89,460 shares of the information services provider’s stock valued at $2,347,000 after purchasing an additional 29,400 shares in the last quarter. Kora Management LP lifted its position in Yandex N.V. by 29.8% during the second quarter. Kora Management LP now owns 545,000 shares of the information services provider’s stock valued at $14,301,000 after purchasing an additional 125,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in Yandex N.V. by 19.4% during the second quarter. Janus Henderson Group PLC now owns 1,304,471 shares of the information services provider’s stock valued at $34,223,000 after purchasing an additional 211,642 shares in the last quarter. Finally, Fred Alger Management Inc. lifted its position in Yandex N.V. by 2.3% during the second quarter. Fred Alger Management Inc. now owns 29,953 shares of the information services provider’s stock valued at $786,000 after purchasing an additional 665 shares in the last quarter. Institutional investors own 67.59% of the company’s stock.

YNDX has been the topic of several analyst reports. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Thursday, June 15th. BidaskClub downgraded Yandex N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded Yandex N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and set a $38.00 target price (up from $35.00) on shares of Yandex N.V. in a research report on Friday, July 14th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $34.60 target price (up from $33.40) on shares of Yandex N.V. in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.16.

Shares of Yandex N.V. (NASDAQ:YNDX) opened at 31.62 on Wednesday. Yandex N.V. has a 12-month low of $17.28 and a 12-month high of $34.27. The company has a market capitalization of $10.28 billion, a PE ratio of 40.08 and a beta of 2.82. The firm’s 50-day moving average price is $31.97 and its 200-day moving average price is $28.31.

Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.13). Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. On average, analysts expect that Yandex N.V. will post $0.79 EPS for the current fiscal year.

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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.

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

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