JPMorgan Chase & Co. boosted its holdings in shares of Yandex (NASDAQ:YNDX – Get Rating) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,517,098 shares of the information services provider’s stock after acquiring an additional 17,088 shares during the period. JPMorgan Chase & Co.’s holdings in Yandex were worth $28,735,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Ronald Blue Trust Inc. grew its stake in Yandex by 93.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,424 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 687 shares during the period. Victory Capital Management Inc. lifted its position in Yandex by 224.7% during the 3rd quarter. Victory Capital Management Inc. now owns 149,103 shares of the information services provider’s stock worth $29,000 after acquiring an additional 103,182 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Yandex by 86.8% during the 1st quarter. 1832 Asset Management L.P. now owns 9,231 shares of the information services provider’s stock worth $36,000 after buying an additional 4,290 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Yandex during the first quarter valued at $38,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Yandex by 49.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,024 shares of the information services provider’s stock valued at $75,000 after acquiring an additional 1,659 shares during the last quarter. 54.69% of the stock is currently owned by institutional investors.
Yandex Stock Down 21.3 %
NASDAQ:YNDX opened at $14.90 on Monday. The stock’s fifty day simple moving average is $18.94 and its 200-day simple moving average is $18.94. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5.39 billion, a P/E ratio of 5.60 and a beta of 1.04. Yandex has a 12-month low of $14.11 and a 12-month high of $87.11.
About Yandex
Yandex NV engages in the provision of search engines and online services. It operates through the following segments: Search and Portal, Ride-hailing, Yandex Drive, FoodTech, Yandex Delivery, Yandex Market, Classifieds, Media Services, and Other Business Units and Initiatives. The Search and Portal segment includes Search, Geo, Yandex 360, Weather, News, Travel, Alice voice assistant and a number of other services offered in Russia, Belarus and Kazakhstan.
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