Bank of Montreal Can Sells 194,537 Shares of Yandex NV (YNDX)

Bank of Montreal Can lessened its holdings in Yandex NV (NASDAQ:YNDX) by 49.4% during the third quarter, HoldingsChannel.com reports. The firm owned 199,470 shares of the information services provider’s stock after selling 194,537 shares during the quarter. Bank of Montreal Can’s holdings in Yandex were worth $6,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. OppenheimerFunds Inc. grew its holdings in Yandex by 37.4% in the second quarter. OppenheimerFunds Inc. now owns 8,924,602 shares of the information services provider’s stock worth $320,392,000 after purchasing an additional 2,427,233 shares during the period. BlackRock Inc. grew its holdings in shares of Yandex by 24.1% during the second quarter. BlackRock Inc. now owns 6,161,700 shares of the information services provider’s stock valued at $221,204,000 after buying an additional 1,195,070 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Yandex by 1.2% during the second quarter. Wells Fargo & Company MN now owns 5,426,630 shares of the information services provider’s stock valued at $194,816,000 after buying an additional 63,582 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Yandex by 7.2% during the second quarter. American Century Companies Inc. now owns 3,602,897 shares of the information services provider’s stock valued at $129,344,000 after buying an additional 241,530 shares during the last quarter. Finally, Genesis Asset Managers LLP grew its holdings in shares of Yandex by 1,536.8% during the third quarter. Genesis Asset Managers LLP now owns 3,543,337 shares of the information services provider’s stock valued at $116,044,000 after buying an additional 3,326,862 shares during the last quarter. Institutional investors and hedge funds own 68.51% of the company’s stock.

NASDAQ:YNDX opened at $27.22 on Tuesday. Yandex NV has a 52 week low of $24.90 and a 52 week high of $44.49. The company has a market cap of $8.95 billion, a PE ratio of 33.60 and a beta of 2.54.

A number of research firms have recently commented on YNDX. Zacks Investment Research cut shares of Yandex from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Deutsche Bank cut their price target on shares of Yandex from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. BidaskClub upgraded shares of Yandex from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, Bank of America cut their price target on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $42.00.

Yandex 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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