Yandex NV (NASDAQ:YNDX) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 4,677,444 shares, a growth of 80.8% from the September 28th total of 2,586,439 shares. Based on an average daily trading volume, of 3,165,472 shares, the short-interest ratio is presently 1.5 days. Approximately 1.7% of the company’s shares are short sold.

NASDAQ YNDX opened at $27.25 on Monday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 33.64 and a beta of 2.54. Yandex has a one year low of $24.90 and a one year high of $44.49.

Yandex (NASDAQ:YNDX) last posted its earnings results on Thursday, July 26th. The information services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $472.80 million for the quarter. Yandex had a net margin of 36.22% and a return on equity of 12.72%. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business earned $12.12 earnings per share. As a group, equities research analysts expect that Yandex will post 0.86 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aviva PLC increased its position in Yandex by 1.9% during the 2nd quarter. Aviva PLC now owns 132,045 shares of the information services provider’s stock valued at $4,740,000 after purchasing an additional 2,447 shares during the period. First Hawaiian Bank purchased a new position in Yandex during the 3rd quarter valued at about $115,000. Eqis Capital Management Inc. increased its position in Yandex by 10.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 40,626 shares of the information services provider’s stock valued at $1,458,000 after purchasing an additional 3,954 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Yandex during the 2nd quarter valued at about $144,000. Finally, FNY Investment Advisers LLC purchased a new position in Yandex during the 2nd quarter valued at about $143,000. 69.17% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on YNDX. Zacks Investment Research downgraded shares of Yandex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine raised shares of Yandex from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Finally, Bank of America reduced their price target on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.00.

Yandex Company Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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