DekaBank Deutsche Girozentrale increased its position in Yandex NV (NASDAQ:YNDX) by 38.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,700 shares of the information services provider’s stock after purchasing an additional 7,700 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Yandex were worth $1,210,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Quest Capital Management Inc. ADV bought a new position in shares of Yandex during the third quarter valued at $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Yandex during the fourth quarter valued at $87,000. YorkBridge Wealth Partners LLC bought a new position in shares of Yandex during the fourth quarter valued at $206,000. PVG Asset Management Corp bought a new position in shares of Yandex during the third quarter valued at $208,000. Finally, Sciencast Management LP bought a new position in shares of Yandex during the fourth quarter valued at $257,000. 66.03% of the stock is owned by hedge funds and other institutional investors.
YNDX has been the subject of a number of analyst reports. Tigress Financial initiated coverage on Yandex in a report on Friday, January 17th. They set a “buy” rating for the company. BidaskClub raised Yandex from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Finally, ValuEngine raised Yandex from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Yandex presently has a consensus rating of “Buy” and an average price target of $48.33.
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.
Featured Story: 52-Week High/Low Prices For Stock Selection
Want to see what other hedge funds are holding YNDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yandex NV (NASDAQ:YNDX).
Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.