Employees Retirement System of Texas reduced its holdings in shares of Yandex (NASDAQ:YNDX) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,292 shares of the information services provider’s stock after selling 11,708 shares during the quarter. Employees Retirement System of Texas’ holdings in Yandex were worth $4,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in YNDX. OppenheimerFunds Inc. purchased a new stake in Yandex during the fourth quarter worth approximately $167,376,000. Barings LLC purchased a new stake in Yandex during the fourth quarter worth approximately $36,688,000. WCM Investment Management CA grew its stake in Yandex by 6.5% during the fourth quarter. WCM Investment Management CA now owns 16,745,927 shares of the information services provider’s stock worth $548,429,000 after buying an additional 1,020,532 shares during the period. BlackRock Inc. grew its stake in Yandex by 14.0% during the first quarter. BlackRock Inc. now owns 4,966,630 shares of the information services provider’s stock worth $195,934,000 after buying an additional 608,871 shares during the period. Finally, Prince Street Capital Management LLC grew its stake in Yandex by 75.4% during the fourth quarter. Prince Street Capital Management LLC now owns 1,121,000 shares of the information services provider’s stock worth $36,713,000 after buying an additional 482,000 shares during the period. Institutional investors own 70.71% of the company’s stock.

NASDAQ YNDX opened at $33.52 on Friday. Yandex has a 52 week low of $24.94 and a 52 week high of $44.49. The firm has a market cap of $10.59 billion, a PE ratio of 41.38 and a beta of 2.67.

Yandex (NASDAQ:YNDX) last posted its earnings results on Wednesday, April 25th. The information services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Yandex had a return on equity of 15.28% and a net margin of 10.30%. The firm had revenue of $464.00 million for the quarter. During the same quarter in the prior year, the firm posted $11.41 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. research analysts anticipate that Yandex will post 1 EPS for the current year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Yandex from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, March 21st. TheStreet upgraded shares of Yandex from a “c” rating to a “b+” rating in a research note on Thursday, February 15th. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Citigroup upgraded shares of Yandex from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $39.25 to $40.00 in a research note on Thursday, March 29th. Finally, BidaskClub cut shares of Yandex from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.61.

About Yandex

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.

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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