Yandex NV (YNDX) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “
Several other brokerages have also weighed in on YNDX. Bank of America Corp. set a $26.00 target price on shares of Yandex NV and gave the stock a buy rating in a research note on Thursday, September 8th. TheStreet raised shares of Yandex NV from a sell rating to a hold rating in a research note on Thursday, June 30th. Vetr raised shares of Yandex NV from a buy rating to a strong-buy rating and set a $24.97 target price for the company in a research note on Wednesday, August 3rd. Pacific Crest reaffirmed a buy rating on shares of Yandex NV in a research note on Friday, July 29th. Finally, HSBC started coverage on shares of Yandex NV in a research note on Monday, July 18th. They set a buy rating and a $26.70 target price for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Yandex NV has an average rating of Buy and an average price target of $21.57.
Shares of Yandex NV (NASDAQ:YNDX) traded up 0.33% on Wednesday, hitting $21.52. 433,783 shares of the stock were exchanged. Yandex NV has a 52-week low of $10.51 and a 52-week high of $23.87. The stock has a market cap of $6.91 billion, a PE ratio of 21.18 and a beta of 3.12. The company’s 50 day moving average is $21.87 and its 200-day moving average is $20.07.
Yandex NV (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.05. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The firm earned $18.04 billion during the quarter, compared to analysts’ expectations of $17.61 billion. During the same period in the prior year, the company posted $8.63 EPS. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. Analysts predict that Yandex NV will post $0.70 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Yandex NV during the fourth quarter worth $33,435,000. Ngam Advisors L.P. raised its position in Yandex NV by 59.5% in the first quarter. Ngam Advisors L.P. now owns 80,533 shares of the company’s stock worth $1,234,000 after buying an additional 30,046 shares during the period. Franklin Resources Inc. raised its position in Yandex NV by 69.9% in the first quarter. Franklin Resources Inc. now owns 4,097,322 shares of the company’s stock worth $62,772,000 after buying an additional 1,685,827 shares during the period. M&T Bank Corp raised its position in Yandex NV by 17.0% in the first quarter. M&T Bank Corp now owns 24,460 shares of the company’s stock worth $373,000 after buying an additional 3,556 shares during the period. Finally, Aviva PLC raised its position in Yandex NV by 1.2% in the first quarter. Aviva PLC now owns 121,124 shares of the company’s stock worth $1,856,000 after buying an additional 1,378 shares during the period. Hedge funds and other institutional investors own 62.65% of the company’s stock.
About Yandex NV
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
Receive News & Stock Ratings for Yandex NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex NV and related stocks with our FREE daily email newsletter.