Yandex N.V. (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
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 equities analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $37.20 price target on shares of Yandex N.V. in a research report on Tuesday, September 5th. VTB Capital upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, August 3rd. TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research report on Friday, July 28th. Credit Suisse Group upped their price target on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Renaissance Capital restated a “sell” rating and set a $24.30 price target (up previously from $17.20) on shares of Yandex N.V. in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.16.
Shares of Yandex N.V. (NASDAQ:YNDX) opened at 31.64 on Friday. Yandex N.V. has a one year low of $17.28 and a one year high of $34.27. The stock has a market cap of $10.28 billion, a P/E ratio of 40.10 and a beta of 2.82. The stock has a 50 day moving average of $32.42 and a 200 day moving average of $28.71.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.13). Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. Equities analysts expect that Yandex N.V. will post $0.79 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of YNDX. Comerica Bank purchased a new stake in shares of Yandex N.V. in the first quarter worth approximately $249,000. Neuberger Berman Group LLC purchased a new stake in shares of Yandex N.V. in the first quarter worth approximately $400,000. FMR LLC lifted its position in shares of Yandex N.V. by 30.4% in the first quarter. FMR LLC now owns 6,611,696 shares of the information services provider’s stock worth $144,995,000 after purchasing an additional 1,540,399 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Yandex N.V. in the first quarter worth approximately $998,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Yandex N.V. in the first quarter worth approximately $998,000. 67.59% of the stock is owned by institutional investors and hedge funds.
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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