Gavea Investimentos Ltda Sells 900 Shares of Yandex (NASDAQ:YNDX)

Gavea Investimentos Ltda lowered its holdings in Yandex (NASDAQ:YNDXGet Rating) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 166,884 shares of the information services provider’s stock after selling 900 shares during the period. Yandex accounts for about 9.1% of Gavea Investimentos Ltda’s portfolio, making the stock its 4th largest position. Gavea Investimentos Ltda’s holdings in Yandex were worth $10,096,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of Yandex by 2.0% during the third quarter. Capital Research Global Investors now owns 21,250,398 shares of the information services provider’s stock valued at $1,693,444,000 after acquiring an additional 408,065 shares during the period. Capital World Investors lifted its stake in shares of Yandex by 1.3% during the third quarter. Capital World Investors now owns 9,040,080 shares of the information services provider’s stock valued at $720,404,000 after acquiring an additional 113,322 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Yandex by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 4,772,086 shares of the information services provider’s stock valued at $288,711,000 after acquiring an additional 34,651 shares during the period. William Blair Investment Management LLC lifted its stake in Yandex by 2.1% in the third quarter. William Blair Investment Management LLC now owns 4,224,029 shares of the information services provider’s stock valued at $336,613,000 after buying an additional 88,257 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Yandex by 6.7% in the third quarter. Wellington Management Group LLP now owns 2,972,948 shares of the information services provider’s stock valued at $236,914,000 after buying an additional 185,643 shares during the period. 66.79% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on YNDX. StockNews.com cut Yandex from a “hold” rating to a “sell” rating in a research note on Monday, March 7th. Citigroup cut their target price on shares of Yandex from $75.00 to $70.00 in a report on Thursday, February 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $83.40.

Shares of NASDAQ YNDX remained flat at $$18.94 during midday trading on Friday. 100 shares of the stock were exchanged. The business’s 50 day moving average is $18.94 and its 200-day moving average is $44.58. The stock has a market capitalization of $6.71 billion, a P/E ratio of -20.81 and a beta of 1.41. Yandex has a 52 week low of $14.11 and a 52 week high of $87.11. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.06.

Yandex (NASDAQ:YNDXGet Rating) last announced its quarterly earnings results on Tuesday, February 15th. The information services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The firm had revenue of $1.49 billion for the quarter. Yandex had a negative return on equity of 1.26% and a negative net margin of 6.46%.

Yandex Company Profile (Get Rating)

Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies, focusing on to help consumers and businesses navigate the online and offline world. The company operates through Search and Portal, Taxi, Yandex.Market, Media Services, Classifieds, and Other Bets and Experiments segments.

Further Reading

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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