Yandex NV (YNDX) Shares Down 3.4%
Yandex NV (NASDAQ:YNDX)’s share price traded down 3.4% during mid-day trading on Wednesday . The company traded as low as $21.83 and last traded at $22.00, with a volume of 1,863,041 shares traded. The stock had previously closed at $22.77.
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Yandex NV in a research note on Saturday, April 9th. Citigroup Inc. cut shares of Yandex NV from a “buy” rating to a “neutral” rating in a research note on Friday, May 6th. Zacks Investment Research upgraded shares of Yandex NV from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, May 5th. Pacific Crest reiterated an “overweight” rating on shares of Yandex NV in a research note on Tuesday, April 19th. Finally, Goldman Sachs Group Inc. upgraded shares of Yandex NV from a “neutral” rating to a “buy” rating and upped their price target for the stock from $15.50 to $19.90 in a research note on Monday, April 11th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Yandex NV presently has an average rating of “Buy” and a consensus price target of $18.92.
The company’s 50 day moving average is $21.34 and its 200-day moving average is $16.87. The firm has a market capitalization of $7.03 billion and a PE ratio of 25.64.
Yandex NV (NASDAQ:YNDX) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $6.29 by $6.24. The firm earned $16.47 billion during the quarter, compared to analysts’ expectations of $15.27 billion. During the same quarter in the prior year, the company posted $6.99 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities research analysts expect that Yandex NV will post $43.17 earnings per share for the current fiscal year.
Other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new position in shares of Yandex NV during the fourth quarter valued at approximately $1,401,000. Trexquant Investment LP raised its position 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 in the last quarter. Todd Asset Management LLC purchased a new position in shares of Yandex NV during the fourth quarter valued at approximately $4,566,000. State of New Jersey Common Pension Fund D raised its position 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 valued at $7,177,000 after buying an additional 120,250 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position 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 valued at $8,424,000 after buying an additional 97,695 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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