Portland Hill Asset Management Ltd trimmed its position in Yandex NV (NASDAQ:YNDX) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,423 shares of the information services provider’s stock after selling 6,811 shares during the quarter. Yandex accounts for approximately 1.2% of Portland Hill Asset Management Ltd’s portfolio, making the stock its 14th largest holding. Portland Hill Asset Management Ltd’s holdings in Yandex were worth $1,613,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. raised its holdings in shares of Yandex by 44.0% during the 1st quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock valued at $33,000 after buying an additional 297 shares during the period. FNY Investment Advisers LLC acquired a new stake in Yandex during the 1st quarter valued at approximately $103,000. Joseph P. Lucia & Associates LLC acquired a new stake in Yandex during the 2nd quarter valued at approximately $139,000. KBC Group NV grew its stake in Yandex by 19.3% during the 2nd quarter. KBC Group NV now owns 4,837 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 783 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Yandex during the 1st quarter valued at approximately $197,000. Institutional investors own 65.29% of the company’s stock.
A number of equities research analysts have weighed in on the company. BidaskClub lowered Yandex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 6th. ValuEngine lowered Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Yandex from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Bank of America set a $50.00 price objective on Yandex and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Renaissance Capital upgraded Yandex from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.20.
Yandex (NASDAQ:YNDX) last issued its earnings results on Friday, July 26th. The information services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm had revenue of $41.40 billion during the quarter, compared to analyst estimates of $40.64 billion. Yandex had a return on equity of 12.09% and a net margin of 12.15%. Yandex’s revenue was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $15.11 EPS. On average, equities analysts anticipate that Yandex NV will post 1.26 earnings per share for the current year.
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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