Yandex N V (YNDX) Holder Lombard Odier Asset Management Switzerland Sa Has Lowered Its Holding by $4.23 Million as Stock Value Rose

February 15, 2018 - By Ellis Scott

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 $13.85 billion market cap company. The stock increased 7.97% or $3.1 during the last trading session, reaching $41.99. About 7.98 million 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 Yum China Hldgs Inc by 327,571 shares to 557,789 shares, valued at $22.30 million in 2017Q3, according to the filing. It also increased its holding in Mettler Toledo International (NYSE:MTD) by 7,074 shares in the quarter, for a total of 22,074 shares, and has risen its stake in Hormel Foods Corp (NYSE:HRL).

More news for Yandex N.V. (NASDAQ:YNDX) were recently published by: Globenewswire.com, which released: “Yandex and Uber Complete the Combination of Their Ride-Sharing Businesses in …” on February 07, 2018. Nasdaq.com‘s article titled: “Earnings Reaction History: Yandex NV, 66.7% Follow-Through Indicator, 5.1 …” and published on February 15, 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 rating was downgraded by Standpoint Research on Friday, April 7 to “Hold”. The company was upgraded on Monday, March 14 by Citigroup. The firm earned “Buy” rating on Tuesday, October 6 by Deutsche Bank. The stock of Yandex N.V. (NASDAQ:YNDX) has “Hold” rating given on Tuesday, August 4 by Zacks. Raiffeisen upgraded the stock to “Buy” rating in Monday, October 12 report. The firm has “Buy” rating given on Monday, July 18 by HSBC. As per Tuesday, November 17, the company rating was upgraded by Morgan Stanley. The stock of Yandex N.V. (NASDAQ:YNDX) earned “Neutral” rating by Goldman Sachs on Wednesday, September 16. On Wednesday, October 25 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was initiated by Credit Suisse on Friday, December 30 with “Outperform”.

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