Geode Capital Management LLC Has $5.78 Million Holdings in Yandex NV (YNDX)

Geode Capital Management LLC boosted its stake in Yandex NV (NASDAQ:YNDX) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,488 shares of the information services provider’s stock after acquiring an additional 5,159 shares during the quarter. Geode Capital Management LLC owned about 0.06% of Yandex worth $5,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Genesis Asset Managers LLP boosted its holdings in Yandex by 72.5% in the 4th quarter. Genesis Asset Managers LLP now owns 6,112,390 shares of the information services provider’s stock worth $167,174,000 after acquiring an additional 2,569,053 shares during the period. Coronation Fund Managers Ltd. purchased a new position in Yandex in the 4th quarter worth approximately $95,828,000. Van ECK Associates Corp boosted its holdings in Yandex by 4.1% in the 4th quarter. Van ECK Associates Corp now owns 3,069,933 shares of the information services provider’s stock worth $83,963,000 after acquiring an additional 121,466 shares during the period. Bank of New York Mellon Corp boosted its holdings in Yandex by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,528,717 shares of the information services provider’s stock worth $69,160,000 after acquiring an additional 32,250 shares during the period. Finally, Thornburg Investment Management Inc. boosted its holdings in Yandex by 7.1% in the 4th quarter. Thornburg Investment Management Inc. now owns 2,081,003 shares of the information services provider’s stock worth $56,915,000 after acquiring an additional 137,984 shares during the period. Hedge funds and other institutional investors own 64.91% of the company’s stock.

YNDX stock opened at $37.34 on Friday. The company has a market cap of $12.26 billion, a P/E ratio of 39.31 and a beta of 2.18. Yandex NV has a 12-month low of $24.90 and a 12-month high of $39.70.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Friday, February 15th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The firm had revenue of $38.84 billion for 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 business’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the company posted $15.85 earnings per share. Research analysts predict that Yandex NV will post 1.38 earnings per share for the current year.

A number of research firms have weighed in on YNDX. BidaskClub cut Yandex from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Yandex from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Deutsche Bank upped their target price on Yandex from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. ValuEngine raised Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Finally, UBS Group set a $45.00 target price on Yandex and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Yandex currently has an average rating of “Buy” and a consensus price target of $43.40.

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Yandex Company 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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