Yandex NV (YNDX) Upgraded to Hold at Zacks Investment Research
According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “
Several other research firms have also commented on YNDX. Bank of America Corp. set a $26.00 price target on shares of Yandex NV and gave the company a buy rating in a report on Thursday, September 8th. TheStreet raised shares of Yandex NV from a sell rating to a hold rating in a research report on Thursday, June 30th. Vetr raised shares of Yandex NV from a buy rating to a strong-buy rating and set a $24.97 price objective for the company in a research report on Wednesday, August 3rd. Pacific Crest reaffirmed a buy rating on shares of Yandex NV in a research report on Friday, July 29th. Finally, HSBC started coverage on shares of Yandex NV in a research report on Monday, July 18th. They issued a buy rating and a $26.70 price objective for the company. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Yandex NV has an average rating of Buy and a consensus price target of $21.57.
Yandex NV (NASDAQ:YNDX) opened at 21.73 on Wednesday. The company has a 50 day moving average of $21.74 and a 200-day moving average of $20.25. Yandex NV has a one year low of $11.00 and a one year high of $23.87. The firm has a market cap of $6.97 billion, a PE ratio of 21.39 and a beta of 3.00.
Yandex NV (NASDAQ:YNDX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The business earned $18.04 billion during the quarter, compared to analysts’ expectations of $17.61 billion. During the same quarter in the previous year, the business posted $8.63 EPS. The company’s quarterly revenue was up 29.6% on a year-over-year basis. On average, equities research analysts predict that Yandex NV will post $0.71 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. HBK Investments L P increased its stake in Yandex NV by 45.8% in the first quarter. HBK Investments L P now owns 426,672 shares of the company’s stock worth $6,537,000 after buying an additional 134,076 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Yandex NV by 16.2% in the first quarter. Geode Capital Management LLC now owns 110,113 shares of the company’s stock valued at $1,686,000 after buying an additional 15,355 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Yandex NV by 81.6% in the first quarter. Baker Avenue Asset Management LP now owns 39,040 shares of the company’s stock valued at $598,000 after buying an additional 17,540 shares during the period. Glovista Investments LLC boosted its position in shares of Yandex NV by 173.9% in the first quarter. Glovista Investments LLC now owns 191,430 shares of the company’s stock valued at $2,933,000 after buying an additional 121,541 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Yandex NV by 220.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 91,150 shares of the company’s stock valued at $1,396,000 after buying an additional 62,700 shares during the period. 62.65% of the stock is owned by institutional investors and hedge funds.
Yandex NV Company Profile
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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