Acadian Asset Management acquired a new position in shares of Yandex NV (NASDAQ:YNDX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 77,296 shares of the company’s stock, valued at approximately $1,214,000.

Yandex NV (NASDAQ:YNDX) opened at 13.13 on Monday. The firm has a market capitalization of $4.19 billion and a price-to-earnings ratio of 9.14. The stock’s 50 day moving average price is $14.51 and its 200 day moving average price is $13.91. Yandex NV has a 52-week low of $9.94 and a 52-week high of $21.36.

A number of analysts have recently weighed in on YNDX shares. Sberbank CIB lowered Yandex NV to a “hold” rating in a research note on Thursday, November 12th. Zacks Investment Research upgraded Yandex NV from a “sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Deutsche Bank restated a “buy” rating and issued a $16.00 target price (down from $20.00) on shares of Yandex NV in a research note on Tuesday, October 6th. Morgan Stanley upgraded Yandex NV from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $20.00 in a research note on Tuesday, November 17th. Finally, Renaissance Capital lowered their target price on Yandex NV from $18.80 to $17.00 in a research note on Tuesday, October 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.84.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Company’s Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music, Kinopoisk.ru, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto, Auto.ru, Yandex.Realty and Yandex.Job. Additionally, its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal, and Data Factory (NASDAQ:YNDX). It offers a range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail, Yandex.Maps and Yandex.Auto.

12 Month Chart for NASDAQ:YNDX

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