Amundi Pioneer Asset Management Inc. Acquires 174,829 Shares of Yandex NV (YNDX)

Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Yandex NV (NASDAQ:YNDX) by 14.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,352,214 shares of the information services provider’s stock after acquiring an additional 174,829 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.41% of Yandex worth $36,984,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Enlightenment Research LLC bought a new stake in Yandex during the 4th quarter worth about $30,000. Avestar Capital LLC bought a new stake in Yandex during the 4th quarter worth about $42,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Yandex during the 4th quarter worth about $55,000. Financial Gravity Companies Inc. bought a new stake in Yandex during the 4th quarter worth about $158,000. Finally, LPL Financial LLC bought a new stake in Yandex during the 3rd quarter worth about $212,000. 64.91% of the stock is owned by hedge funds and other institutional investors.

YNDX traded up $0.10 on Monday, reaching $39.00. The company had a trading volume of 3,772,034 shares, compared to its average volume of 2,599,182. Yandex NV has a fifty-two week low of $24.90 and a fifty-two week high of $39.70. The firm has a market cap of $12.77 billion, a P/E ratio of 41.05 and a beta of 2.18.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, February 15th. The information services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The company had revenue of $38.84 billion during the quarter, compared to analyst estimates of $37.45 billion. Yandex had a net margin of 37.60% and a return on equity of 11.41%. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $15.85 EPS. Analysts anticipate that Yandex NV will post 1.38 earnings per share for the current year.

Several equities research analysts have commented on YNDX shares. BidaskClub raised shares of Yandex from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Bank of America set a $47.00 price objective on shares of Yandex and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. UBS Group set a $45.00 price objective on shares of Yandex and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Yandex presently has an average rating of “Buy” and a consensus target price of $43.40.

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About Yandex

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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