Deutsche Bank AG reissued their buy rating on shares of Yandex N.V. (NASDAQ:YNDX) in a report published on Friday. Deutsche Bank AG currently has a $38.00 price target on the information services provider’s stock, up from their previous price target of $35.00.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Yandex N.V. from a buy rating to a hold rating in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Yandex N.V. in a research note on Thursday, April 6th. VTB Capital upgraded shares of Yandex N.V. from a hold rating to a buy rating and set a $31.00 price objective for the company in a research note on Thursday, June 15th. BidaskClub upgraded shares of Yandex N.V. from a sell rating to a hold rating in a research note on Friday, June 23rd. Finally, Standpoint Research downgraded shares of Yandex N.V. from a buy rating to a hold rating in a research note on Friday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $28.76.
Shares of Yandex N.V. (YNDX) traded up 0.67% during trading on Friday, reaching $31.55. 2,922,076 shares of the company’s stock traded hands. The stock has a 50-day moving average of $27.17 and a 200-day moving average of $24.02. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 48.84 and a beta of 2.85. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $32.44.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.05. Yandex N.V. had a return on equity of 14.52% and a net margin of 8.07%. The business had revenue of $20.65 billion for the quarter. During the same period in the prior year, the company posted $9.81 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts predict that Yandex N.V. will post $0.85 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co purchased a new position in shares of Yandex N.V. during the second quarter valued at $925,000. OLD National Bancorp IN increased its position in shares of Yandex N.V. by 15.9% in the second quarter. OLD National Bancorp IN now owns 26,168 shares of the information services provider’s stock valued at $687,000 after buying an additional 3,582 shares during the period. Eqis Capital Management Inc. increased its position in shares of Yandex N.V. by 19.2% in the second quarter. Eqis Capital Management Inc. now owns 23,652 shares of the information services provider’s stock valued at $621,000 after buying an additional 3,812 shares during the period. Capital One National Association increased its position in shares of Yandex N.V. by 37.2% in the second quarter. Capital One National Association now owns 14,663 shares of the information services provider’s stock valued at $385,000 after buying an additional 3,974 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of Yandex N.V. by 240.2% in the second quarter. Handelsbanken Fonder AB now owns 432,000 shares of the information services provider’s stock valued at $11,336,000 after buying an additional 305,000 shares during the period. Institutional investors and hedge funds own 70.56% of the company’s stock.
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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