Yandex (NASDAQ:YNDX) is Gavea Investimentos Ltda’s 3rd Largest Position

Gavea Investimentos Ltda lowered its position in Yandex (NASDAQ:YNDX) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 173,534 shares of the information services provider’s stock after selling 336 shares during the quarter. Yandex comprises 15.9% of Gavea Investimentos Ltda’s investment portfolio, making the stock its 3rd largest holding. Gavea Investimentos Ltda’s holdings in Yandex were worth $12,278,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of YNDX. Capital International Investors lifted its position in Yandex by 17.9% in the 1st quarter. Capital International Investors now owns 11,619,215 shares of the information services provider’s stock worth $744,304,000 after buying an additional 1,763,808 shares during the last quarter. Sands Capital Management LLC lifted its position in Yandex by 13.3% in the 1st quarter. Sands Capital Management LLC now owns 8,625,729 shares of the information services provider’s stock worth $552,564,000 after buying an additional 1,011,341 shares during the last quarter. WCM Investment Management LLC lifted its position in Yandex by 30.9% in the 1st quarter. WCM Investment Management LLC now owns 1,933,207 shares of the information services provider’s stock worth $123,841,000 after buying an additional 456,198 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in Yandex by 28.1% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,984,678 shares of the information services provider’s stock worth $140,416,000 after buying an additional 435,345 shares during the last quarter. Finally, Barings LLC lifted its position in Yandex by 41.3% in the 1st quarter. Barings LLC now owns 1,389,381 shares of the information services provider’s stock worth $89,004,000 after buying an additional 405,843 shares during the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on YNDX. Morgan Stanley restated a “buy” rating and issued a $75.00 target price on shares of Yandex in a research report on Friday, July 23rd. Zacks Investment Research raised Yandex from a “strong sell” rating to a “hold” rating and set a $74.00 price target on the stock in a research note on Tuesday, June 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $72.71.

Yandex stock traded down $0.20 during mid-day trading on Wednesday, hitting $81.67. The company had a trading volume of 25,622 shares, compared to its average volume of 1,539,847. The company has a current ratio of 3.30, a quick ratio of 3.22 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $71.40 and its two-hundred day moving average price is $67.73. Yandex has a 12 month low of $55.62 and a 12 month high of $82.20. The company has a market capitalization of $28.93 billion, a PE ratio of 160.14, a price-to-earnings-growth ratio of 15.10 and a beta of 1.35.

About Yandex

Yandex NV engages in the provision of search engines and online services. It operates through the following segments: Search and Portal; Yandex Market; Taxi; Media Services; Classifieds; and Other Bets and Experiments. The Search and Portal segment includes all the services offered in Russia, Belarus, and Kazakhstan.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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