Honeycomb Asset Management LP boosted its holdings in Yandex NV (NASDAQ:YNDX) by 72.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 850,000 shares of the information services provider’s stock after buying an additional 357,040 shares during the period. Yandex makes up 3.5% of Honeycomb Asset Management LP’s portfolio, making the stock its 9th biggest holding. Honeycomb Asset Management LP’s holdings in Yandex were worth $27,837,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in shares of Yandex in the 3rd quarter valued at about $305,000. Barings LLC acquired a new position in shares of Yandex in the 4th quarter valued at about $36,688,000. Advisor Group Inc. lifted its stake in shares of Yandex by 34.3% in the 3rd quarter. Advisor Group Inc. now owns 29,738 shares of the information services provider’s stock valued at $980,000 after purchasing an additional 7,602 shares in the last quarter. EastBay Asset Management LLC lifted its stake in shares of Yandex by 3.2% in the 4th quarter. EastBay Asset Management LLC now owns 1,833,139 shares of the information services provider’s stock valued at $60,035,000 after purchasing an additional 56,111 shares in the last quarter. Finally, Harding Loevner LP lifted its stake in shares of Yandex by 45.2% in the 3rd quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock valued at $124,012,000 after purchasing an additional 1,752,160 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. ValuEngine raised Yandex from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. TheStreet raised Yandex from a “c” rating to a “b+” rating in a research note on Thursday, February 15th. BidaskClub raised Yandex from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Bank of America lifted their price objective on Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Zacks Investment Research downgraded Yandex from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Yandex presently has an average rating of “Buy” and an average price target of $38.90.
Yandex (NASDAQ:YNDX) last announced its earnings results on Thursday, February 15th. The information services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $483.70 million for the quarter. Yandex had a return on equity of 17.70% and a net margin of 9.32%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.94 earnings per share. research analysts predict that Yandex NV will post 1.17 earnings per share for the current year.
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Yandex 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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