Yandex N.V. (NASDAQ:YNDX) was downgraded by analysts at VTB Capital from a “buy” rating to a “hold” rating in a research note issued on Thursday, November 2nd, The Fly reports.
YNDX has been the subject of a number of other reports. Zacks Investment Research downgraded Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Credit Suisse Group boosted their target price on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.20 target price on shares of Yandex N.V. in a report on Tuesday, September 5th. TheStreet downgraded Yandex N.V. from a “b-” rating to a “c” rating in a report on Tuesday, October 24th. Finally, Deutsche Bank AG boosted their target price on Yandex N.V. from $38.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.73.
Shares of Yandex N.V. (NASDAQ:YNDX) traded up $0.57 during midday trading on Thursday, hitting $34.28. The stock had a trading volume of 4,389,516 shares, compared to its average volume of 2,540,502. The firm has a market capitalization of $10,810.00, a PE ratio of 56.25, a PEG ratio of 1.99 and a beta of 2.84. Yandex N.V. has a twelve month low of $18.15 and a twelve month high of $34.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47.
Yandex N.V. (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $404.00 million during the quarter. Yandex N.V. had a return on equity of 14.48% and a net margin of 7.32%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the business posted $11.64 earnings per share. analysts expect that Yandex N.V. will post 0.57 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Counselors Inc. boosted its stake in shares of Yandex N.V. by 3.0% during the 2nd quarter. Financial Counselors Inc. now owns 12,850 shares of the information services provider’s stock worth $337,000 after acquiring an additional 370 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Yandex N.V. by 13.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after acquiring an additional 472 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Yandex N.V. by 1.0% during the 2nd quarter. Stifel Financial Corp now owns 61,273 shares of the information services provider’s stock worth $1,612,000 after acquiring an additional 598 shares in the last quarter. Fred Alger Management Inc. boosted its stake in shares of Yandex N.V. by 2.3% during the 2nd quarter. Fred Alger Management Inc. now owns 29,953 shares of the information services provider’s stock worth $786,000 after acquiring an additional 665 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Yandex N.V. by 8.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,359 shares of the information services provider’s stock worth $351,000 after acquiring an additional 987 shares in the last quarter. Institutional investors own 64.27% of the company’s stock.
About Yandex N.V.
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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