Millennium Management LLC grew its stake in Yandex NV (NASDAQ:YNDX) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,190,637 shares of the information services provider’s stock after buying an additional 106,363 shares during the period. Millennium Management LLC owned 0.36% of Yandex worth $42,744,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Comerica Bank raised its position in Yandex by 19.9% during the 1st quarter. Comerica Bank now owns 12,088 shares of the information services provider’s stock worth $416,000 after buying an additional 2,008 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Yandex by 6.7% during the 1st quarter. Baker Avenue Asset Management LP now owns 32,067 shares of the information services provider’s stock worth $1,265,000 after purchasing an additional 2,027 shares during the period. Aviva PLC grew its stake in shares of Yandex by 1.9% during the 2nd quarter. Aviva PLC now owns 132,045 shares of the information services provider’s stock worth $4,740,000 after purchasing an additional 2,447 shares during the period. Eqis Capital Management Inc. grew its stake in shares of Yandex by 10.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 40,626 shares of the information services provider’s stock worth $1,458,000 after purchasing an additional 3,954 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Yandex during the 2nd quarter worth $143,000. Institutional investors and hedge funds own 68.20% of the company’s stock.

Shares of Yandex stock traded up $0.80 during mid-day trading on Friday, hitting $32.73. 1,593,661 shares of the stock were exchanged, compared to its average volume of 3,640,435. Yandex NV has a twelve month low of $29.48 and a twelve month high of $44.49. The stock has a market capitalization of $10.80 billion, a P/E ratio of 40.41 and a beta of 2.54.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, July 26th. The information services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The company had revenue of $472.80 million for the quarter. Yandex had a return on equity of 12.72% and a net margin of 36.22%. Yandex’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.12 EPS. On average, equities research analysts predict that Yandex NV will post 1.08 earnings per share for the current fiscal year.

YNDX has been the topic of a number of recent analyst reports. BidaskClub raised shares of Yandex from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Zacks Investment Research raised shares of Yandex from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, ValuEngine cut shares of Yandex from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.80.

Yandex Company Profile

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.

See Also: Initial Public Offering (IPO)

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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