Yandex N.V. (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, July 5th.

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. “

A number of other analysts also recently issued reports on YNDX. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Yandex N.V. in a research note on Thursday, April 6th. Standpoint Research downgraded Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research note on Saturday, April 29th. VTB Capital raised Yandex N.V. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday, June 15th. Finally, BidaskClub downgraded Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.92.

Shares of Yandex N.V. (NASDAQ:YNDX) traded up 1.54% on Wednesday, reaching $29.61. 4,030,197 shares of the company’s stock were exchanged. Yandex N.V. has a one year low of $17.28 and a one year high of $32.44. The firm has a market cap of $9.62 billion, a PE ratio of 37.53 and a beta of 2.86. The company has a 50 day moving average price of $28.30 and a 200 day moving average price of $25.41.

Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The firm had revenue of $374.10 million during the quarter. During the same quarter last year, the firm posted $12.05 earnings per share. Yandex N.V.’s revenue was up 22.5% on a year-over-year basis. Analysts expect that Yandex N.V. will post $0.83 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC increased its position in Yandex N.V. by 20.6% in the second quarter. William Blair Investment Management LLC now owns 3,661,361 shares of the information services provider’s stock valued at $96,074,000 after buying an additional 625,063 shares in the last quarter. Marshall Wace North America L.P. increased its position in Yandex N.V. by 9.5% in the second quarter. Marshall Wace North America L.P. now owns 49,662 shares of the information services provider’s stock valued at $1,291,000 after buying an additional 4,308 shares in the last quarter. BB&T Securities LLC increased its position in Yandex N.V. by 23.2% in the second quarter. BB&T Securities LLC now owns 26,344 shares of the information services provider’s stock valued at $691,000 after buying an additional 4,969 shares in the last quarter. WCM Investment Management CA increased its position in Yandex N.V. by 4.5% in the second quarter. WCM Investment Management CA now owns 15,465,155 shares of the information services provider’s stock valued at $405,806,000 after buying an additional 665,992 shares in the last quarter. Finally, BARING ASSET MANAGEMENT Ltd bought a new position in Yandex N.V. during the second quarter valued at $34,161,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

Yandex N.V. Company Profile

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.

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