Yandex N.V. (YNDX) Shares Up 7.3%
Yandex N.V. (NASDAQ:YNDX) shares shot up 7.3% during trading on Friday . The company traded as high as $32.85 and last traded at $32.21, with a volume of 7,718,767 shares trading hands. The stock had previously closed at $30.01.
A number of research firms recently commented on YNDX. Credit Suisse Group boosted their price target on 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. Zacks Investment Research downgraded Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. VTB Capital upgraded Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, August 3rd. BidaskClub cut Yandex N.V. from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Finally, TheStreet upgraded Yandex N.V. from a “c-” rating to a “b-” rating in a report on Friday, July 28th. One investment 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’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.92.
The firm’s 50 day moving average is $30.26 and its 200-day moving average is $26.50. The firm has a market cap of $10.47 billion, a PE ratio of 40.82 and a beta of 2.83.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The business had revenue of $374.10 million during the quarter. During the same period last year, the business posted $12.05 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities analysts forecast that Yandex N.V. will post $0.79 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in shares of Yandex N.V. by 13.6% in the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after buying an additional 472 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Yandex N.V. during the second quarter valued at approximately $110,000. Invictus RG purchased a new position in Yandex N.V. during the first quarter valued at approximately $166,000. QCM Cayman Ltd. purchased a new position in Yandex N.V. during the second quarter valued at approximately $206,000. Finally, Comerica Bank purchased a new position in Yandex N.V. during the first quarter valued at approximately $249,000. Institutional investors and hedge funds own 67.56% of the company’s stock.
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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.