Yandex NV (YNDX) Lowered to “Sell” at Zacks Investment Research
Yandex NV (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “
YNDX has been the topic of several other reports. HSBC began coverage on shares of Yandex NV in a research report on Monday, July 18th. They issued a “buy” rating and a $26.70 price target on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price target on shares of Yandex NV in a research report on Wednesday, June 15th. Vetr upgraded shares of Yandex NV from a “buy” rating to a “strong-buy” rating and set a $24.97 price target on the stock in a research report on Wednesday, August 3rd. Pacific Crest reiterated a “buy” rating on shares of Yandex NV in a research report on Friday, July 29th. Finally, TheStreet upgraded shares of Yandex NV from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Yandex NV presently has an average rating of “Buy” and an average price target of $21.57.
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Yandex NV (NASDAQ:YNDX) opened at 21.54 on Thursday. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 21.20 and a beta of 3.12. The stock’s 50 day moving average is $21.90 and its 200 day moving average is $19.80. Yandex NV has a one year low of $10.30 and a one year high of $23.87.
Yandex NV (NASDAQ:YNDX) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.05. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The company had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.61 billion. During the same quarter in the prior year, the firm earned $8.63 earnings per share. Yandex NV’s revenue for the quarter was up 29.6% compared to the same quarter last year. On average, equities analysts forecast that Yandex NV will post $0.70 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Yandex NV by 16.2% in the first quarter. Geode Capital Management LLC now owns 110,113 shares of the company’s stock valued at $1,686,000 after buying an additional 15,355 shares during the period. Baker Avenue Asset Management LP boosted its position in Yandex NV by 81.6% in the first quarter. Baker Avenue Asset Management LP now owns 39,040 shares of the company’s stock valued at $598,000 after buying an additional 17,540 shares during the period. Glovista Investments LLC boosted its position in Yandex NV by 173.9% in the first quarter. Glovista Investments LLC now owns 191,430 shares of the company’s stock valued at $2,933,000 after buying an additional 121,541 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in Yandex NV by 220.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 91,150 shares of the company’s stock valued at $1,396,000 after buying an additional 62,700 shares during the period. Finally, State Street Corp boosted its position in Yandex NV by 1.5% in the first quarter. State Street Corp now owns 261,021 shares of the company’s stock valued at $3,997,000 after buying an additional 3,942 shares during the period. 62.65% of the stock is currently owned by institutional investors.
Yandex NV Company Profile
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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