Yandex NV (YNDX) Shares Gap Up to $21.71
Yandex NV (NASDAQ:YNDX)’s share price gapped up prior to trading 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 traded.
A number of equities analysts have issued reports on YNDX shares. Bank of America Corp. reissued a “buy” rating and issued a $18.00 target price on shares of Yandex NV in a report on Wednesday, April 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Yandex NV in a report on Saturday, April 9th. Goldman Sachs Group Inc. raised shares of Yandex NV from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.50 to $19.90 in a report on Monday, April 11th. Zacks Investment Research raised shares of Yandex NV from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Finally, Pacific Crest reissued an “overweight” rating on shares of Yandex NV in a report on Tuesday, April 19th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $19.90.
The stock has a market cap of $6.93 billion and a PE ratio of 21.31. The company has a 50 day moving average of $21.55 and a 200 day moving average of $17.45.
Yandex NV (NASDAQ:YNDX) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.05. During the same quarter last year, the firm posted $8.63 EPS. The firm had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.61 billion. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. Equities analysts expect that Yandex NV will post $0.67 EPS for the current year.
A number of hedge funds have bought and sold shares of the stock. Trexquant Investment LP boosted its stake in 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. State of New Jersey Common Pension Fund D boosted its stake 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 worth $7,177,000 after buying an additional 120,250 shares during the last quarter. Morgan Stanley boosted its stake in 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 during the last quarter. Finally, WCM Investment Management CA boosted its stake 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 worth $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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