Yandex NV (YNDX) Stock Price Up 3.1%
Yandex NV (NASDAQ:YNDX)’s share price rose 3.1% during mid-day trading on Wednesday . The stock traded as high as $21.83 and last traded at $21.79, with a volume of 2,140,210 shares trading hands. The stock had previously closed at $21.13.
YNDX has been the subject of several recent analyst reports. Bank of America Corp. restated a “buy” rating and issued a $18.00 target price on shares of Yandex NV in a research note on Wednesday, April 6th. JPMorgan Chase & Co. restated a “buy” rating on shares of Yandex NV in a research note on Saturday, April 9th. Goldman Sachs Group Inc. upgraded shares of Yandex NV from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.50 to $19.90 in a research note on Monday, April 11th. Zacks Investment Research upgraded shares of Yandex NV from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Pacific Crest restated an “overweight” rating on shares of Yandex NV in a research note on Tuesday, April 19th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.62.
The firm has a market capitalization of $6.94 billion and a PE ratio of 25.30. The stock has a 50-day moving average of $21.61 and a 200 day moving average of $17.35.
Yandex NV (NASDAQ:YNDX) last announced its earnings results on Thursday, April 28th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $6.29 by $6.24. The company had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $15.27 billion. During the same quarter in the prior year, the firm posted $6.99 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities analysts forecast that Yandex NV will post $0.65 EPS for the current year.
A number of large investors have made changes to their positions in YNDX. Trexquant Investment LP increased 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 valued at $2,100,000 after buying an additional 91,047 shares during the last quarter. State of New Jersey Common Pension Fund D increased 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 in the last quarter. Morgan Stanley increased its stake in shares of Yandex NV by 46.4% in the fourth quarter. Morgan Stanley now owns 9,008,591 shares of the company’s stock worth $141,614,000 after buying an additional 2,853,543 shares in the last quarter. Finally, WCM Investment Management CA increased its stake in shares of Yandex NV by 58.2% in the fourth quarter. WCM Investment Management CA now owns 11,767,462 shares of the company’s stock worth $184,984,000 after buying an additional 4,331,377 shares in 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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