Shine Investment Advisory Services Inc. Takes Position in Yandex N.V. (YNDX)
Shine Investment Advisory Services Inc. acquired a new stake in shares of Yandex N.V. (NASDAQ:YNDX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,210 shares of the information services provider’s stock, valued at approximately $110,000.
Other institutional investors have also modified their holdings of the company. Invictus RG acquired a new position in shares of Yandex N.V. during the first quarter valued at about $166,000. Comerica Bank acquired a new position in shares of Yandex N.V. during the first quarter valued at about $249,000. Nine Chapters Capital Management LLC acquired a new position in shares of Yandex N.V. during the first quarter valued at about $202,000. Harbor Advisors LLC acquired a new position in shares of Yandex N.V. during the first quarter valued at about $219,000. Finally, Capital One National Association acquired a new position in shares of Yandex N.V. during the first quarter valued at about $234,000. 70.42% of the stock is currently owned by institutional investors.
Shares of Yandex N.V. (NASDAQ YNDX) opened at 30.69 on Thursday. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $32.44. The firm has a market capitalization of $9.97 billion, a P/E ratio of 38.90 and a beta of 2.86. The stock’s 50 day moving average is $28.91 and its 200 day moving average is $25.69.
Yandex N.V. (NASDAQ:YNDX) last issued its quarterly earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $374.10 million for the quarter. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. Yandex N.V.’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $12.05 EPS. Equities analysts predict that Yandex N.V. will post $0.84 earnings per share for the current year.
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Several brokerages recently issued reports on YNDX. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, August 3rd. TheStreet upgraded shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. Credit Suisse Group raised their target price on shares of Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Renaissance Capital restated a “sell” rating and issued a $24.30 target price (up from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $37.30 target price on shares of Yandex N.V. in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.92.
Yandex N.V. Company Profile
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.
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