Cannell Capital LLC Has $488,000 Position in Yandex (NASDAQ:YNDX)

Cannell Capital LLC lowered its holdings in shares of Yandex (NASDAQ:YNDX) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,104 shares of the information services provider’s stock after selling 1,830 shares during the quarter. Cannell Capital LLC owned 0.10% of Yandex worth $488,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of YNDX. Sei Investments Co. raised its position in shares of Yandex by 61.3% during the first quarter. Sei Investments Co. now owns 338,619 shares of the information services provider’s stock worth $30,000 after purchasing an additional 128,652 shares during the period. 1832 Asset Management L.P. raised its position in Yandex by 86.8% in the 1st quarter. 1832 Asset Management L.P. now owns 9,231 shares of the information services provider’s stock valued at $36,000 after buying an additional 4,290 shares during the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in Yandex in the 1st quarter valued at approximately $38,000. PNC Financial Services Group Inc. raised its position in Yandex by 49.3% in 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 buying an additional 1,659 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Yandex by 14.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 198,873 shares of the information services provider’s stock valued at $76,000 after buying an additional 25,767 shares during the last quarter. Institutional investors and hedge funds own 28.53% of the company’s stock.

Yandex Stock Performance

Yandex stock remained flat at $18.94 during midday trading on Monday. The company had a trading volume of 28,271,400 shares, compared to its average volume of 6,723,987. The company’s fifty day moving average is $18.94 and its two-hundred day moving average is $18.94. Yandex has a 1-year low of $14.11 and a 1-year high of $87.11. The stock has a market capitalization of $6.85 billion, a PE ratio of 5.32 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.17.

Yandex (NASDAQ:YNDX) last announced its earnings results on Thursday, July 27th. The information services provider reported $0.30 earnings per share (EPS) for the quarter. Yandex had a return on equity of 5.29% and a net margin of 11.73%. The business had revenue of $2.10 billion for the quarter.

Yandex 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.