Green Square Capital LLC Invests $613,000 in Yandex NV (NASDAQ:YNDX)

Green Square Capital LLC purchased a new position in shares of Yandex NV (NASDAQ:YNDX) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,545 shares of the information services provider’s stock, valued at approximately $613,000.

A number of other hedge funds also recently added to or reduced their stakes in YNDX. Barings LLC bought a new position in Yandex during the fourth quarter worth $36,688,000. Quadrature Capital Ltd bought a new position in shares of Yandex in the fourth quarter valued at $3,419,000. EastBay Asset Management LLC lifted its stake in shares of Yandex by 3.2% in the fourth quarter. EastBay Asset Management LLC now owns 1,833,139 shares of the information services provider’s stock valued at $60,035,000 after buying an additional 56,111 shares in the last quarter. Calixto Global Investors LP lifted its stake in shares of Yandex by 13.7% in the fourth quarter. Calixto Global Investors LP now owns 1,323,531 shares of the information services provider’s stock valued at $43,346,000 after buying an additional 159,720 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of Yandex in the fourth quarter valued at $167,376,000. Institutional investors and hedge funds own 69.86% of the company’s stock.

Yandex traded up $0.14, hitting $36.13, during midday trading on Wednesday, according to Marketbeat. 83,885 shares of the company traded hands, compared to its average volume of 2,824,671. Yandex NV has a 52 week low of $25.65 and a 52 week high of $44.49. The stock has a market capitalization of $12.10 billion, a P/E ratio of 44.43 and a beta of 2.66.

Yandex (NASDAQ:YNDX) last released its quarterly earnings results on Wednesday, April 25th. The information services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). The business had revenue of $464.00 million for the quarter. Yandex had a net margin of 10.30% and a return on equity of 15.28%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm earned $11.41 earnings per share. research analysts forecast that Yandex NV will post 0.97 earnings per share for the current fiscal year.

Several research firms have recently weighed in on YNDX. ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. Citigroup upgraded shares of Yandex from a “neutral” rating to a “buy” rating and lifted their target price for the company from $39.25 to $40.00 in a research report on Thursday, March 29th. JPMorgan Chase & Co. boosted their price objective on shares of Yandex from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Finally, BidaskClub lowered shares of Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $39.61.

Yandex 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.

Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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