There’s Reason To Be Bullish On Yandex N.V. (YNDX)

Yandex N.V. (NASDAQ:YNDX) marched up 34.94% compared to a 52-week low price of $24.9. The shares were last seen trading 4.93% higher, taking the closing price at $33.6 on 01/28/2019. At recent session, the prices were hovering between $32.15 and $33.63. This company shares are 24.85% off its target price of $41.95 and the current market capitalization stands at $10.51B. The recent change has given its price a 16.95% lead over SMA 50 and -24.48% deficit over its 52-week high. The stock witnessed 24.08% gains, 25.47% gains and -13% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found YNDX’s volatility during a week at 2.85% and during a month it has been found around 3.34%.

Yandex N.V. (YNDX) Top Holders

Institutional investors currently hold around $7.66 billion or 86% in YNDX stock. Look at its top three institutional owners. Wellington Management Group Llp owns $625.23 million in Yandex N.V., which represents roughly 5.95% of the company’s market cap and approximately 8.16% of the institutional ownership. Similar statistics are true for the second largest owner, Oppenheimerfunds, Inc., which owns 18,348,459 shares of the stock are valued at $616.51 million. The third largest holder is Fmr Llc, which currently holds $315.73 million worth of this stock and that ownership represents nearly 3% of its market capitalization.

Yandex N.V. 13F Filings

At the end of September reporting period, 146 institutional holders increased their position in Yandex N.V. (NASDAQ:YNDX) by some 47,634,042 shares, 133 decreased positions by 48,227,433 and 28 held positions by 132,150,901. That puts total institutional holdings at 228,012,376 shares, according to SEC filings. The stock grabbed 43 new institutional investments totaling 8,744,219 shares while 46 institutional investors sold out their entire positions totaling 14,209,868 shares.

Yandex N.V. (YNDX) Analyst Guide

Several analysts have released their opinion on Yandex N.V. (NASDAQ:YNDX), with 8 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation.