Boston Partners Decreases Stake in Yandex NV (YNDX)
Boston Partners lessened its position in Yandex NV (NASDAQ:YNDX) by 72.1% during the 4th quarter, HoldingsChannel reports. The fund owned 196,538 shares of the information services provider’s stock after selling 508,199 shares during the quarter. Boston Partners’ holdings in Yandex were worth $6,437,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of Yandex by 1.0% in the second quarter. Stifel Financial Corp now owns 61,273 shares of the information services provider’s stock valued at $1,612,000 after acquiring an additional 598 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Yandex by 12.2% in the third quarter. BB&T Securities LLC now owns 29,565 shares of the information services provider’s stock valued at $974,000 after acquiring an additional 3,221 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Yandex by 13.4% in the fourth quarter. Eqis Capital Management Inc. now owns 31,660 shares of the information services provider’s stock valued at $1,037,000 after acquiring an additional 3,747 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Yandex in the fourth quarter valued at approximately $129,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Yandex in the fourth quarter valued at approximately $147,000. Institutional investors and hedge funds own 65.22% of the company’s stock.
YNDX has been the topic of several research reports. BidaskClub upgraded Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Deutsche Bank raised their target price on Yandex to $50.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Bank of America raised their target price on Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 27th. TheStreet downgraded Yandex from a “b-” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, VTB Capital downgraded Yandex from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.90.
Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Yandex had a return on equity of 14.48% and a net margin of 7.32%. analysts forecast that Yandex NV will post 0.72 EPS for the current year.
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.
Want to see what other hedge funds are holding YNDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yandex NV (NASDAQ:YNDX).
Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.