As Yandex N V (YNDX) Stock Value Rose, Lombard Odier Asset Management Switzerland Sa Has Cut by $4.23 Million Its Stake

February 15, 2018 - By Adrian Erickson

Lombard Odier Asset Management Switzerland Sa decreased its stake in Yandex N V (YNDX) by 20.96% based on its latest 2017Q3 regulatory filing with the SEC. Lombard Odier Asset Management Switzerland Sa sold 132,300 shares as the company’s stock rose 15.61% with the market. The institutional investor held 498,900 shares of the programming company at the end of 2017Q3, valued at $16.44M, down from 631,200 at the end of the previous reported quarter. Lombard Odier Asset Management Switzerland Sa who had been investing in Yandex N V for a number of months, seems to be less bullish one the $13.85B market cap company. The stock increased 7.97% or $3.1 during the last trading session, reaching $41.99. About 7.98M shares traded or 228.37% up from the average. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since February 15, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Lombard Odier Asset Management Switzerland Sa, which manages about $1.03 billion US Long portfolio, upped its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 29,300 shares to 66,905 shares, valued at $12.66 million in 2017Q3, according to the filing. It also increased its holding in Morgan Stanley (NYSE:MS) by 101,000 shares in the quarter, for a total of 242,391 shares, and has risen its stake in Baidu Inc (NASDAQ:BIDU).

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. Globenewswire.com‘s article titled: “Yandex and Uber Complete the Combination of Their Ride-Sharing Businesses in …” and published on February 07, 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 stock of Yandex N.V. (NASDAQ:YNDX) has “Buy” rating given on Friday, July 31 by Deutsche Bank. On Tuesday, October 6 the stock rating was maintained by Deutsche Bank with “Buy”. Deutsche Bank maintained it with “Buy” rating and $42 target in Wednesday, October 25 report. Credit Suisse initiated the stock with “Outperform” rating in Friday, December 30 report. Morgan Stanley upgraded Yandex N.V. (NASDAQ:YNDX) on Tuesday, November 17 to “Overweight” rating. The firm has “Hold” rating by Zacks given on Tuesday, August 4. Deutsche Bank maintained Yandex N.V. (NASDAQ:YNDX) on Friday, July 14 with “Buy” rating. The rating was initiated by HSBC on Monday, July 18 with “Buy”. The firm has “Buy” rating given on Monday, March 14 by Citigroup. On Friday, September 11 the stock rating was downgraded by Citigroup to “Neutral”.

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