Yandex NV (YNDX) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Yandex NV (NASDAQ:YNDX) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the company. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.93.
Several equities analysts have recently weighed in on the stock. Vetr raised shares of Yandex NV from a “buy” rating to a “strong-buy” rating and set a $24.97 price target on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Pacific Crest reissued a “buy” rating on shares of Yandex NV in a research note on Friday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Yandex NV from $26.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Finally, Bank of America Corp. set a $26.00 price target on shares of Yandex NV and gave the stock a “buy” rating in a research note on Thursday, September 8th.
Several large investors have recently made changes to their positions in YNDX. Acrospire Investment Management LLC boosted its stake in shares of Yandex NV by 20.0% in the third quarter. Acrospire Investment Management LLC now owns 5,400 shares of the company’s stock worth $114,000 after buying an additional 900 shares in the last quarter. Huntington National Bank boosted its stake in shares of Yandex NV by 105.2% in the third quarter. Huntington National Bank now owns 6,893 shares of the company’s stock worth $145,000 after buying an additional 3,534 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of Yandex NV during the third quarter worth $185,000. Two Sigma Securities LLC bought a new stake in shares of Yandex NV during the third quarter worth $213,000. Finally, OLD National Bancorp IN bought a new stake in shares of Yandex NV during the third quarter worth $216,000. Institutional investors and hedge funds own 64.87% of the company’s stock.
Yandex NV (NASDAQ:YNDX) traded down 0.290% during midday trading on Wednesday, reaching $18.895. 1,916,470 shares of the company’s stock traded hands. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 22.683 and a beta of 2.90. The firm’s 50-day moving average is $19.52 and its 200-day moving average is $20.88. Yandex NV has a 1-year low of $11.00 and a 1-year high of $23.87.
Yandex NV Company Profile
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.
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