Shares of Yandex NV (NASDAQ:YNDX) gapped up before the market opened on Thursday . The stock had previously closed at $21.49, but opened at $21.71. Yandex NV shares last traded at $22.15, with a volume of 3,016,617 shares changing hands.

YNDX has been the topic of a number of analyst reports. Citigroup Inc. lowered Yandex NV from a “buy” rating to a “neutral” rating in a research note on Friday, May 6th. Bank of America Corp. reissued a “buy” rating and issued a $18.00 price target on shares of Yandex NV in a research note on Wednesday, April 6th. TheStreet raised Yandex NV from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. Pacific Crest reissued an “overweight” rating on shares of Yandex NV in a research note on Tuesday, April 19th. Finally, Zacks Investment Research raised Yandex NV from a “sell” rating to a “hold” rating 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 stock. Yandex NV presently has an average rating of “Buy” and an average target price of $19.62.

The company’s 50 day moving average is $21.59 and its 200 day moving average is $17.39. The company has a market cap of $7.14 billion and a price-to-earnings ratio of 26.03.

Yandex NV (NASDAQ:YNDX) last announced its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.05. The firm earned $18.04 billion during the quarter, compared to the consensus estimate of $17.61 billion. During the same quarter in the previous year, the business earned $8.63 earnings per share. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. Analysts predict that Yandex NV will post $0.67 earnings per share for the current year.

Other hedge funds and institutional investors have bought and sold shares of the company. Trexquant Investment LP raised its position in 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 raised its position in 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 valued at $7,177,000 after buying an additional 120,250 shares during the last quarter. Morgan Stanley raised its position in Yandex NV by 46.4% in the fourth quarter. Morgan Stanley now owns 9,008,591 shares of the company’s stock valued at $141,614,000 after buying an additional 2,853,543 shares during the last quarter. Finally, WCM Investment Management CA raised its position in Yandex NV by 58.2% in the fourth quarter. WCM Investment Management CA now owns 11,767,462 shares of the company’s stock valued at $184,984,000 after buying an additional 4,331,377 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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