Financial Gravity Companies Inc. Acquires New Stake in Yand…


Financial Gravity Companies Inc. acquired a new stake in shares of Yandex NV (NASDAQ:YNDX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,702 shares of the information services provider’s stock, valued at approximately $158,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Howland Capital Management LLC raised its stake in shares of Yandex by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 256,500 shares of the information services provider’s stock valued at $7,015,000 after acquiring an additional 700 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Yandex by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 38,984 shares of the information services provider’s stock valued at $1,282,000 after acquiring an additional 1,918 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Yandex in the fourth quarter valued at $55,000. Baker Avenue Asset Management LP raised its stake in shares of Yandex by 6.5% in the third quarter. Baker Avenue Asset Management LP now owns 34,776 shares of the information services provider’s stock valued at $1,144,000 after acquiring an additional 2,131 shares during the period. Finally, Avestar Capital LLC purchased a new stake in shares of Yandex in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 67.78% of the company’s stock.

Several equities research analysts have recently weighed in on YNDX shares. Jefferies Financial Group started coverage on shares of Yandex in a research note on Wednesday, November 21st. They issued a “buy” rating on the stock. HSBC started coverage on shares of Yandex in a research note on Monday, November 5th. They issued a “buy” rating on the stock. Bank of America reduced their target price on shares of Yandex from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. UBS Group set a $43.00 target price on shares of Yandex and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Deutsche Bank reduced their target price on shares of Yandex from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $41.33.

YNDX stock opened at $33.23 on Friday. The stock has a market capitalization of $10.91 billion, a P/E ratio of 33.23 and a beta of 2.16. Yandex NV has a 12 month low of $24.90 and a 12 month high of $44.49.

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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.

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Institutional Ownership by Quarter for Yandex (NASDAQ:YNDX)

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