Huntington National Bank cut its stake in Yandex N.V. (NASDAQ:YNDX) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,319 shares of the information services provider’s stock after selling 463 shares during the period. Huntington National Bank’s holdings in Yandex N.V. were worth $140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Yandex N.V. by 209.6% in the first quarter. Advisors Asset Management Inc. now owns 18,446 shares of the information services provider’s stock valued at $405,000 after buying an additional 12,488 shares during the period. Capital One National Association acquired a new position in Yandex N.V. during the first quarter valued at approximately $234,000. British Airways Pensions Investment Management Ltd increased its position in Yandex N.V. by 83.0% in the first quarter. British Airways Pensions Investment Management Ltd now owns 77,021 shares of the information services provider’s stock valued at $1,688,000 after buying an additional 34,928 shares during the period. Eqis Capital Management Inc. increased its position in Yandex N.V. by 53.3% in the first quarter. Eqis Capital Management Inc. now owns 19,840 shares of the information services provider’s stock valued at $435,000 after buying an additional 6,901 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in Yandex N.V. by 1.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 485,718 shares of the information services provider’s stock valued at $10,652,000 after buying an additional 9,181 shares during the period. 70.42% of the stock is owned by institutional investors.

Shares of Yandex N.V. (NASDAQ:YNDX) traded down 0.79% on Friday, reaching $29.05. 2,507,784 shares of the company’s stock traded hands. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 36.82 and a beta of 2.86. The firm’s 50-day moving average is $29.04 and its 200-day moving average is $25.77. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $32.44.

Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data 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. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The business had revenue of $374.10 million for the quarter. During the same period in the prior year, the business earned $12.05 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. Analysts anticipate that Yandex N.V. will post $0.77 EPS for the current fiscal year.

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Several research firms recently commented on YNDX. Credit Suisse Group raised their price objective on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $37.30 price objective on shares of Yandex N.V. in a report on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $38.00 price objective (up from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. HSBC Holdings plc reaffirmed a “buy” rating and issued a $34.60 price objective (up from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Finally, Renaissance Capital reaffirmed a “sell” rating and issued a $24.30 price objective (up from $17.20) on shares of Yandex N.V. in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.92.

Yandex N.V. 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 N.V. (NASDAQ:YNDX)

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