Advisor Group Inc. boosted its holdings in Yandex N.V. (NASDAQ:YNDX) by 16.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,136 shares of the information services provider’s stock after acquiring an additional 3,168 shares during the quarter. Advisor Group Inc.’s holdings in Yandex N.V. were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YNDX. BlackRock Inc. increased its stake in Yandex N.V. by 522.3% in the 1st quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock worth $209,503,000 after acquiring an additional 8,018,212 shares during the last quarter. Morgan Stanley increased its stake in Yandex N.V. by 26.9% in the 1st quarter. Morgan Stanley now owns 15,238,199 shares of the information services provider’s stock worth $334,174,000 after acquiring an additional 3,231,080 shares during the last quarter. American Century Companies Inc. increased its stake in Yandex N.V. by 328.3% in the 2nd quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock worth $88,975,000 after acquiring an additional 2,599,072 shares during the last quarter. Acadian Asset Management LLC increased its stake in Yandex N.V. by 68.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,473,842 shares of the information services provider’s stock worth $117,393,000 after acquiring an additional 1,819,154 shares during the last quarter. Finally, Barings LLC bought a new position in Yandex N.V. in the 1st quarter worth about $38,748,000. Institutional investors and hedge funds own 67.59% of the company’s stock.

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YNDX has been the topic of a number of research analyst reports. TheStreet upgraded Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, June 15th. Zacks Investment Research upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a research note on Tuesday, September 5th. Finally, HSBC Holdings plc restated a “buy” rating and issued a $34.60 target price (up from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.16.

Yandex N.V. (YNDX) opened at 32.51 on Friday. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $34.27. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 41.20 and a beta of 2.82. The stock’s 50 day moving average price is $31.83 and its 200 day moving average price is $28.08.

Yandex N.V. (NASDAQ:YNDX) last posted its earnings results on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The firm had revenue of $374.10 million during the quarter. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $12.05 EPS. Equities research analysts anticipate that Yandex N.V. will post $0.79 earnings per share for the current fiscal year.

About Yandex N.V.

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 N.V. (NASDAQ:YNDX)

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