Oppenheimer Asset Management Inc. cut its holdings in Yandex NV (NASDAQ:YNDX) by 73.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,527 shares of the information services provider’s stock after selling 9,832 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Yandex were worth $116,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of YNDX. Parallel Advisors LLC grew its holdings in shares of Yandex by 13.6% in the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after purchasing an additional 472 shares in the last quarter. QCM Cayman Ltd. purchased a new position in shares of Yandex in the second quarter valued at $206,000. MML Investors Services LLC grew its holdings in shares of Yandex by 12.9% in the second quarter. MML Investors Services LLC now owns 10,417 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 1,189 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of Yandex in the second quarter valued at $290,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Yandex in the third quarter valued at $305,000. 65.82% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Goldman Sachs Group reissued a “buy” rating and issued a $37.20 target price on shares of Yandex in a report on Tuesday, September 5th. TheStreet lowered shares of Yandex from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. BidaskClub lowered shares of Yandex from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Bank of America lifted their price objective on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Zacks Investment Research raised shares of Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Yandex presently has an average rating of “Hold” and an average target price of $36.89.

Shares of Yandex NV (NASDAQ YNDX) opened at $32.26 on Wednesday. Yandex NV has a 52-week low of $20.04 and a 52-week high of $35.32. The firm has a market capitalization of $10,441.09, a price-to-earnings ratio of 54.32, a PEG ratio of 1.70 and a beta of 2.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47.

Yandex (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Yandex had a return on equity of 4.43% and a net margin of 3.64%. The business had revenue of $404.00 million during the quarter. During the same quarter last year, the business posted $11.64 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. equities research analysts predict that Yandex NV will post 0.57 EPS for the current year.

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Yandex Company Profile

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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