Genesis Investment Management LLP Sells 3,431,832 Shares of Yandex (NASDAQ:YNDX)

Genesis Investment Management LLP lessened its position in shares of Yandex (NASDAQ:YNDX - Free Report) by 98.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,300 shares of the information services provider's stock after selling 3,431,832 shares during the period. Yandex comprises 0.2% of Genesis Investment Management LLP's investment portfolio, making the stock its 14th biggest holding. Genesis Investment Management LLP's holdings in Yandex were worth $1,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YNDX. Citigroup Inc. lifted its position in shares of Yandex by 193.4% during the 1st quarter. Citigroup Inc. now owns 53,007 shares of the information services provider's stock worth $789,000 after buying an additional 109,784 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Yandex by 4.2% during the 1st quarter. Natixis Advisors L.P. now owns 18,429 shares of the information services provider's stock worth $349,000 after purchasing an additional 744 shares during the period. Aviva PLC grew its stake in shares of Yandex by 1.6% during the 1st quarter. Aviva PLC now owns 238,643 shares of the information services provider's stock worth $5,728,000 after purchasing an additional 3,756 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Yandex by 12.4% during the 1st quarter. Allianz Asset Management GmbH now owns 559,103 shares of the information services provider's stock worth $7,827,000 after purchasing an additional 61,826 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Yandex by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,141,003 shares of the information services provider's stock worth $17,013,000 after purchasing an additional 8,935 shares during the period. Institutional investors and hedge funds own 21.90% of the company's stock.

Yandex Price Performance

Shares of NASDAQ:YNDX traded down $1.38 on Wednesday, reaching $18.94. 28,271,400 shares of the company were exchanged, compared to its average volume of 6,723,987. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.26. Yandex has a 1-year low of $14.11 and a 1-year high of $87.11. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 31.05 and a beta of 1.86. The company has a 50-day moving average of $18.94 and a 200-day moving average of $18.94.

Yandex (NASDAQ:YNDX - Get Free Report) last released its earnings results on Thursday, February 15th. The information services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $2.78 billion for the quarter. Yandex had a net margin of 2.50% and a return on equity of 8.59%.

Yandex Company Profile

Yandex N.V., a technology company, builds intelligent 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, Ride-Hailing, Yandex Drive, FoodTech, Yandex Delivery, Yandex Market, Media Services, Classifieds, and Other Business Units and Initiatives segments.