Truist Financial Corp increased its position in Yandex (NASDAQ:YNDX – Get Rating) by 7.8% in the first quarter, reports Holdings Channel.com. The company held 31,824 shares of the information services provider after purchasing an additional 2,289 shares during the quarter. Truist Financial Corp’s holdings in Yandex were worth $602,000 at the end of the last reporting period.
Several other institutional investors and hedge funds have also recently changed their positions in YNDX. Schroder Investment Management Group increased its stake in Yandex shares to 96.5% in the fourth quarter. Schroder Investment Management Group now owns 8,086,299 shares of the information services provider valued at $489,221,000 after purchasing an additional 3,970,234 shares during the period. Norges Bank acquired a new equity stake in Yandex in the fourth quarter valued at approximately $180,043,000. Allspring Global Investments Holdings LLC acquired a new equity stake in Yandex in the fourth quarter valued at approximately $156,665,000. Millennium Management LLC increased its equity stake in Yandex by 1,793.9% in the fourth quarter. Millennium Management LLC now owns 500,173 shares of the information services provider valued at $30,260,000 after purchasing an additional 473,764 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Yandex shares by 135.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 635,353 shares of the information services provider valued at $38,439,000 after purchasing an additional 365,283 shares during the period. Institutional investors and hedge funds hold 66.79% of the company’s shares.
Performance of Yandex shares
YNDX shares opened at $18.94 on Tuesday. The stock has a market capitalization of $6.71 billion, a price-earnings ratio of -20.81 and a beta of 1.33. The stock has a 50-day moving average of $18.94 and a 200-day moving average of $25.91. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt ratio of 0.06. Yandex has a 1-year low of $14.11 and a 1-year high of $87.11.
Yandex (NASDAQ:YNDX – Get Rating) last announced its results on Wednesday, April 27. The information services provider reported ($0.26) EPS for the quarter. Yandex had a negative net margin of 6.46% and a negative return on equity of 1.26%. The company had revenue of $1.26 billion for the quarter.
Yandex Company Profile
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Yandex NV, a technology company, creates smart products and services powered by machine learning and other technologies 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 Business Units and Initiatives segments.
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