Fifth Third Bancorp Has $3.14 Million Position in Yandex (NASDAQ:YNDX)

Fifth Third Bancorp reduced its holdings in Yandex (NASDAQ:YNDX) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,171 shares of the information services provider’s stock after selling 211 shares during the period. Fifth Third Bancorp’s holdings in Yandex were worth $3,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in YNDX. Morgan Stanley lifted its holdings in Yandex by 15.7% in the first quarter. Morgan Stanley now owns 5,077,855 shares of the information services provider’s stock valued at $172,900,000 after buying an additional 687,536 shares during the period. State Street Corp lifted its holdings in Yandex by 6.2% in the first quarter. State Street Corp now owns 471,203 shares of the information services provider’s stock valued at $16,044,000 after buying an additional 27,375 shares during the period. Vident Investment Advisory LLC acquired a new position in Yandex in the second quarter valued at approximately $237,000. Calamos Advisors LLC lifted its holdings in Yandex by 43.1% in the second quarter. Calamos Advisors LLC now owns 35,000 shares of the information services provider’s stock valued at $1,751,000 after buying an additional 10,535 shares during the period. Finally, Pitcairn Co. acquired a new position in Yandex in the second quarter valued at approximately $316,000. Institutional investors and hedge funds own 76.52% of the company’s stock.

Shares of YNDX stock opened at $61.94 on Friday. The firm has a fifty day moving average of $60.56 and a 200-day moving average of $54.71. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 0.26. Yandex has a 12-month low of $27.93 and a 12-month high of $70.11. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 182.18, a P/E/G ratio of 4.05 and a beta of 1.62.

Several brokerages recently weighed in on YNDX. Bank of America cut their price objective on shares of Yandex from $76.00 to $71.50 and set a “neutral” rating on the stock in a report on Friday, October 16th. The Goldman Sachs Group initiated coverage on shares of Yandex in a research note on Thursday, October 29th. They issued a “buy” rating for the company. TheStreet raised shares of Yandex from a “c+” rating to a “b” rating in a research note on Wednesday, October 28th. Zacks Investment Research raised shares of Yandex from a “sell” rating to a “hold” rating and set a $65.00 target price for the company in a research note on Wednesday, September 16th. Finally, BidaskClub raised shares of Yandex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Yandex presently has a consensus rating of “Buy” and a consensus price target of $55.43.

Yandex Profile

Yandex N.V., an Internet and technology company, provides 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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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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