Yandex NV (NASDAQ:YNDX) Position Trimmed by Acadian Asset Management LLC

Acadian Asset Management LLC decreased its holdings in shares of Yandex NV (NASDAQ:YNDX) by 44.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,751 shares of the information services provider’s stock after selling 45,205 shares during the quarter. Acadian Asset Management LLC’s holdings in Yandex were worth $1,866,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of YNDX. OppenheimerFunds Inc. raised its stake in shares of Yandex by 37.4% during 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 last quarter. BlackRock Inc. grew its holdings in Yandex by 24.1% during the second quarter. BlackRock Inc. now owns 6,161,700 shares of the information services provider’s stock worth $221,204,000 after acquiring an additional 1,195,070 shares during the period. Wells Fargo & Company MN grew its holdings in 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 worth $194,816,000 after acquiring an additional 63,582 shares during the period. American Century Companies Inc. grew its holdings in 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 worth $129,344,000 after acquiring an additional 241,530 shares during the period. Finally, Genesis Asset Managers LLP grew its holdings in 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 worth $116,044,000 after acquiring an additional 3,326,862 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Yandex stock traded down $1.31 during trading hours on Wednesday, hitting $28.70. The stock had a trading volume of 2,240,305 shares, compared to its average volume of 2,445,405. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 35.43 and a beta of 2.41. Yandex NV has a 1-year low of $24.90 and a 1-year high of $44.49.

Yandex (NASDAQ:YNDX) last posted its 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 for the quarter. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period last year, the company posted $7.16 EPS. On average, equities research analysts anticipate that Yandex NV will post 0.81 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Yandex from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. BidaskClub raised Yandex from a “sell” rating to a “hold” rating in a report on Friday, September 21st. ValuEngine lowered Yandex from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Bank of America dropped their price objective on Yandex from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, UBS Group set a $43.00 target price on Yandex and gave the company a “buy” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.33.

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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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