Symmetry Peak Management LLC Takes $328,000 Position in Yandex N.V. (YNDX)
Symmetry Peak Management LLC bought a new position in Yandex N.V. (NASDAQ:YNDX) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 12,500 shares of the information services provider’s stock, valued at approximately $328,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of Yandex N.V. by 13.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after acquiring an additional 472 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Yandex N.V. in the 2nd quarter worth $110,000. Invictus RG acquired a new stake in shares of Yandex N.V. in the 1st quarter worth $166,000. QCM Cayman Ltd. acquired a new stake in shares of Yandex N.V. in the 2nd quarter worth $206,000. Finally, Comerica Bank acquired a new stake in shares of Yandex N.V. in the 1st quarter worth $249,000. 67.59% of the stock is owned by institutional investors and hedge funds.
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Yandex N.V. (NASDAQ YNDX) traded down 3.61% during trading on Friday, hitting $32.54. The stock had a trading volume of 1,212,270 shares. Yandex N.V. has a one year low of $17.28 and a one year high of $34.27. The stock’s 50-day moving average is $31.77 and its 200 day moving average is $28.02. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 41.24 and a beta of 2.82.
Yandex N.V. (NASDAQ:YNDX) last released its earnings results on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). The business had revenue of $374.10 million during the quarter. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The company’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $12.05 EPS. Equities analysts anticipate that Yandex N.V. will post $0.79 earnings per share for the current year.
YNDX has been the subject of a number of recent research reports. VTB Capital raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Thursday, August 3rd. Credit Suisse Group AG raised their target price on Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. BidaskClub downgraded Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $37.30 target price on shares of Yandex N.V. in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $38.00 price target (up from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Yandex N.V. currently has an average rating of “Buy” and a consensus price target of $35.16.
Yandex N.V. 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.
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