Yandex N.V. (NASDAQ:YNDX) Announces Earnings Results, Misses Expectations By $0.03 EPS

Yandex N.V. (NASDAQ:YNDX) posted its quarterly earnings data on Friday. The information services provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03, MarketWatch Earnings reports. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.22 billion. Yandex N.V. had a net margin of 8.07% and a return on equity of 14.52%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $12.05 earnings per share.

Shares of Yandex N.V. (NASDAQ:YNDX) traded down 4.00% during mid-day trading on Friday, reaching $29.53. The company’s stock had a trading volume of 6,868,925 shares. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 45.71 and a beta of 2.85. The company’s 50-day moving average is $28.13 and its 200 day moving average is $25.25. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $32.44.

Several institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in Yandex N.V. by 209.6% in the first quarter. Advisors Asset Management Inc. now owns 18,446 shares of the information services provider’s stock worth $405,000 after buying an additional 12,488 shares during the last quarter. Capital One National Association purchased a new position in Yandex N.V. during the first quarter worth about $234,000. British Airways Pensions Investment Management Ltd boosted its position in 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 during the last quarter. Eqis Capital Management Inc. boosted its position in 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 during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in 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 during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

A number of research firms recently weighed in on YNDX. Credit Suisse Group increased their price objective on Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $37.30 price objective on shares of Yandex N.V. in a report on Wednesday. Deutsche Bank AG restated a “buy” rating and issued a $38.00 price objective (up from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. HSBC Holdings plc restated a “buy” rating and issued a $34.60 price objective (up from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Finally, Renaissance Capital restated a “sell” rating and issued a $24.30 price objective (up from $17.20) on shares of Yandex N.V. in a report on Friday, July 14th. One equities research 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. The stock has a consensus rating of “Buy” and an average price target of $30.74.

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.