Kemnay Advisory Services Inc. raised its position in shares of Yandex NV (NASDAQ:YNDX) by 62.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,566 shares of the information services provider’s stock after buying an additional 37,669 shares during the period. Yandex comprises 1.0% of Kemnay Advisory Services Inc.’s portfolio, making the stock its 19th biggest position. Kemnay Advisory Services Inc.’s holdings in Yandex were worth $3,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YNDX. BNP Paribas Arbitrage SA increased its stake in shares of Yandex by 80,000.0% during the second quarter. BNP Paribas Arbitrage SA now owns 8,010 shares of the information services provider’s stock valued at $288,000 after buying an additional 8,000 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Yandex by 3,369.5% during the second quarter. Daiwa Securities Group Inc. now owns 27,756 shares of the information services provider’s stock valued at $996,000 after buying an additional 26,956 shares during the period. Aviva PLC increased its stake in shares of Yandex by 1.9% during the second quarter. Aviva PLC now owns 132,045 shares of the information services provider’s stock valued at $4,740,000 after buying an additional 2,447 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Yandex during the second quarter valued at $2,830,000. Finally, Sei Investments Co. increased its stake in shares of Yandex by 23.7% during the second quarter. Sei Investments Co. now owns 521,292 shares of the information services provider’s stock valued at $18,714,000 after buying an additional 99,828 shares during the period. 67.15% of the stock is owned by institutional investors.

Shares of Yandex stock opened at $28.70 on Thursday. The firm has a market cap of $9.42 billion, a PE ratio of 35.43 and a beta of 2.41. Yandex NV has a 12 month low of $24.90 and a 12 month high of $44.49.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $496.60 million for the quarter. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.16 EPS. As a group, analysts forecast that Yandex NV will post 0.81 EPS for the current year.

YNDX has been the topic of several research reports. ValuEngine lowered Yandex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Bank of America cut their price target on Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. Deutsche Bank cut their price target on Yandex from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Zacks Investment Research lowered Yandex from a “hold” rating to a “strong sell” rating in a research note on Monday, September 17th. Finally, BidaskClub lowered Yandex from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Yandex has a consensus rating of “Buy” and an average price target of $41.33.

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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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