Yandex N.V. (NASDAQ:YNDX)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research report issued on Friday, July 14th. They presently have a $38.00 price target on the information services provider’s stock, up from their previous price target of $35.00. Deutsche Bank AG’s price objective would suggest a potential upside of 28.68% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Yandex N.V. in a research report 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 target price on the stock in a research report on Thursday, June 15th. BidaskClub upgraded shares of Yandex N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Standpoint Research downgraded shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.74.
Shares of Yandex N.V. (YNDX) traded down 4.00% on Friday, hitting $29.53. The company’s stock had a trading volume of 6,868,925 shares. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $32.44. The stock’s 50 day moving average is $28.13 and its 200-day moving average is $25.25. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 45.71 and a beta of 2.85.
Yandex N.V. (NASDAQ:YNDX) last issued its quarterly earnings data on Friday, July 28th. The information services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.03. Yandex N.V. had a return on equity of 14.52% and a net margin of 8.07%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.22 billion. During the same quarter last year, the firm earned $12.05 EPS. Yandex N.V.’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities research analysts anticipate that Yandex N.V. will post $0.86 earnings per share for the current year.
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Large investors have recently made changes to their positions in the company. British Airways Pensions Investment Management Ltd increased its stake in shares of Yandex N.V. by 83.0% in the first quarter. British Airways Pensions Investment Management Ltd now owns 77,021 shares of the information services provider’s stock worth $1,688,000 after buying an additional 34,928 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Yandex N.V. by 53.3% in the first quarter. Eqis Capital Management Inc. now owns 19,840 shares of the information services provider’s stock worth $435,000 after buying an additional 6,901 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Yandex N.V. by 1.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 485,718 shares of the information services provider’s stock worth $10,652,000 after buying an additional 9,181 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of Yandex N.V. by 16.7% in the first quarter. OLD National Bancorp IN now owns 22,586 shares of the information services provider’s stock worth $495,000 after buying an additional 3,224 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Yandex N.V. by 4.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,374 shares of the information services provider’s stock worth $578,000 after buying an additional 1,150 shares in the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.
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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