First Mercantile Trust Co. Buys Shares of 36,710 Yandex NV (YNDX)
First Mercantile Trust Co. bought a new stake in Yandex NV (NASDAQ:YNDX) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 36,710 shares of the company’s stock, valued at approximately $802,000.
Several other hedge funds and other institutional investors have also modified their holdings of YNDX. Boston Private Wealth LLC boosted its position in Yandex NV by 0.4% in the second quarter. Boston Private Wealth LLC now owns 39,542 shares of the company’s stock worth $864,000 after buying an additional 142 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Yandex NV by 2.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,100 shares of the company’s stock worth $417,000 after buying an additional 400 shares during the last quarter. Aviva PLC boosted its position in Yandex NV by 1.2% in the first quarter. Aviva PLC now owns 121,124 shares of the company’s stock worth $1,856,000 after buying an additional 1,378 shares during the last quarter. Vanguard Group Inc. boosted its position in Yandex NV by 1.3% in the second quarter. Vanguard Group Inc. now owns 139,484 shares of the company’s stock worth $3,048,000 after buying an additional 1,839 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its position in Yandex NV by 8.1% in the first quarter. Sarasin & Partners LLP now owns 31,900 shares of the company’s stock worth $489,000 after buying an additional 2,400 shares during the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.
Yandex NV (NASDAQ:YNDX) opened at 20.77 on Tuesday. Yandex NV has a 12-month low of $10.30 and a 12-month high of $23.87. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.44 and a beta of 3.12. The firm has a 50-day moving average of $21.90 and a 200 day moving average of $19.74.
Yandex NV (NASDAQ:YNDX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.61 billion. Yandex NV had a return on equity of 14.67% and a net margin of 15.06%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned $8.63 earnings per share. On average, equities analysts predict that Yandex NV will post $0.71 EPS for the current year.
A number of research analysts have weighed in on YNDX shares. Zacks Investment Research raised shares of Yandex NV from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, June 3rd. Deutsche Bank AG reissued a “buy” rating and set a $22.00 target price on shares of Yandex NV in a research note on Wednesday, June 15th. HSBC assumed coverage on shares of Yandex NV in a research note on Monday, July 18th. They set a “buy” rating and a $26.70 target price for the company. Pacific Crest reissued a “buy” rating on shares of Yandex NV in a research note on Friday, July 29th. Finally, Bank of America Corp. set a $26.00 target price on shares of Yandex NV and gave the stock a “buy” rating in a research note on Thursday, September 8th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.57.
Yandex NV Company Profile
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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