Yandex (NASDAQ:YNDX) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Several other analysts also recently commented on YNDX. Zacks Investment Research upgraded shares of Yandex from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 21st. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Bank of America decreased their price objective on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $43.60.
Shares of YNDX stock opened at $29.49 on Wednesday. The firm has a market cap of $11.78 billion, a PE ratio of 36.41 and a beta of 2.54. Yandex has a one year low of $28.52 and a one year high of $44.49.
A number of hedge funds and other institutional investors have recently made changes to their positions in YNDX. First Hawaiian Bank bought a new stake in Yandex in the 3rd quarter valued at $115,000. FNY Investment Advisers LLC bought a new stake in Yandex in the 2nd quarter valued at $143,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Yandex in the 2nd quarter valued at $144,000. NumerixS Investment Technologies Inc bought a new stake in Yandex in the 2nd quarter valued at $240,000. Finally, Cynosure Advisors LLC bought a new stake in Yandex in the 2nd quarter valued at $241,000. Institutional investors own 69.28% of the company’s stock.
Yandex Company Profile
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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