American Century Companies Inc. reduced its position in Yandex NV (NASDAQ:YNDX) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,056,010 shares of the information services provider’s stock after selling 546,887 shares during the quarter. American Century Companies Inc.’s holdings in Yandex were worth $100,512,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. United Services Automobile Association raised its holdings in shares of Yandex by 169.7% in the second quarter. United Services Automobile Association now owns 268,677 shares of the information services provider’s stock valued at $9,646,000 after acquiring an additional 169,061 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Yandex in the second quarter valued at about $240,000. Point72 Hong Kong Ltd bought a new stake in shares of Yandex in the second quarter valued at about $2,693,000. GAM Holding AG raised its holdings in shares of Yandex by 16.3% in the second quarter. GAM Holding AG now owns 72,248 shares of the information services provider’s stock valued at $2,594,000 after acquiring an additional 10,148 shares in the last quarter. Finally, Nokota Management LP bought a new stake in shares of Yandex in the second quarter valued at about $6,821,000. Hedge funds and other institutional investors own 68.81% of the company’s stock.

YNDX opened at $28.21 on Friday. Yandex NV has a 1 year low of $24.90 and a 1 year high of $44.49. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 34.83 and a beta of 2.43.

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

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Yandex from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Deutsche Bank decreased their price objective on Yandex from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. BidaskClub downgraded Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine upgraded Yandex from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Finally, Bank of America cut their target price on Yandex from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.33.

COPYRIGHT VIOLATION NOTICE: This report was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://theolympiareport.com/2018/11/11/american-century-companies-inc-sells-546887-shares-of-yandex-nv-yndx.html.

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.

Read More: What is Cost of Debt?

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).

Institutional Ownership by Quarter for Yandex (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.