Yandex N V (YNDX) Stock Value Rose While Newbrook Capital Advisors LP Increased by $67.72 Million Its Holding

February 23, 2018 - By Marguerite Chambers

Robert Boucai increased its stake in Yandex N V (YNDX) by 110.92% based on its latest 2017Q3 regulatory filing with the SEC. Newbrook Capital Advisors Lp bought 2.12 million shares as the company’s stock rose 15.61% with the market. The hedge fund run by Robert Boucai held 4.02 million shares of the programming company at the end of 2017Q3, valued at $132.59M, up from 1.91M at the end of the previous reported quarter. Newbrook Capital Advisors Lp who had been investing in Yandex N V for a number of months, seems to be bullish on the $13.91 billion market cap company. The stock increased 0.55% or $0.235 during the last trading session, reaching $42.625. About 2.08M shares traded. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since February 23, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Newbrook Capital Advisors Lp, which manages about $2.18 billion and $1.38 billion US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 259,006 shares to 475,487 shares, valued at $82.12 million in 2017Q3, according to the filing. It also reduced its holding in Constellation Brands Inc (NYSE:STZ) by 79,902 shares in the quarter, leaving it with 568,766 shares, and cut its stake in Planet Fitness Inc.

More news for Yandex N.V. (NASDAQ:YNDX) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Yandex NV, 66.7% Follow-Through Indicator, 5.1 …” on February 15, 2018. Nasdaq.com‘s article titled: “Yandex Reaches Analyst Target Price” and published on February 19, 2018 is yet another important article.

Yandex N.V. (NASDAQ:YNDX) Ratings Coverage

Among 9 analysts covering Yandex N.V. (NASDAQ:YNDX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Yandex N.V. had 21 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. HSBC initiated the shares of YNDX in report on Monday, July 18 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Tuesday, January 16. The stock of Yandex N.V. (NASDAQ:YNDX) has “Buy” rating given on Wednesday, October 25 by Deutsche Bank. The company was maintained on Friday, July 31 by Deutsche Bank. The rating was upgraded by Raiffeisen on Monday, October 12 to “Buy”. The stock of Yandex N.V. (NASDAQ:YNDX) earned “Neutral” rating by Citigroup on Friday, September 11. The firm has “Hold” rating by Standpoint Research given on Friday, April 7. The firm has “Outperform” rating by Credit Suisse given on Friday, December 30. Goldman Sachs upgraded Yandex N.V. (NASDAQ:YNDX) rating on Wednesday, September 16. Goldman Sachs has “Neutral” rating and $14.20 target.

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