Yandex NV (YNDX) Sees Large Volume Increase
Shares of Yandex NV (NASDAQ:YNDX) saw strong trading volume on Tuesday . 2,222,574 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 2,417,154 shares.The stock last traded at $22.88 and had previously closed at $22.07.
Several analysts recently issued reports on YNDX shares. TheStreet upgraded shares of Yandex NV from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Zacks Investment Research lowered shares of Yandex NV from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Deutsche Bank AG restated a “buy” rating and set a $22.00 target price on shares of Yandex NV in a research report on Wednesday, June 15th. Citigroup Inc. lowered shares of Yandex NV from a “buy” rating to a “neutral” rating in a research report on Friday, May 6th. Finally, Pacific Crest restated an “overweight” rating on shares of Yandex NV in a research report on Tuesday, April 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.92.
The company has a market cap of $7.28 billion and a PE ratio of 26.54. The company has a 50-day moving average of $21.34 and a 200-day moving average of $16.87.
Yandex NV (NASDAQ:YNDX) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.29 by $6.24. The business had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $15.27 billion. During the same period in the previous year, the company earned $6.99 earnings per share. The company’s revenue was up 33.5% compared to the same quarter last year. On average, analysts expect that Yandex NV will post $43.17 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in shares of Yandex NV during the fourth quarter worth approximately $1,401,000. Trexquant Investment LP boosted its stake in shares of Yandex NV by 214.0% in the fourth quarter. Trexquant Investment LP now owns 133,600 shares of the company’s stock worth $2,100,000 after buying an additional 91,047 shares during the last quarter. Todd Asset Management LLC purchased a new stake in shares of Yandex NV during the fourth quarter worth approximately $4,566,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Yandex NV by 35.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 456,553 shares of the company’s stock worth $7,177,000 after buying an additional 120,250 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Yandex NV by 22.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 535,870 shares of the company’s stock worth $8,424,000 after buying an additional 97,695 shares during the last quarter.
Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Company’s Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music, Kinopoisk.ru, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto, Auto.ru, Yandex.Realty and Yandex.Job.
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