Shares of Yandex N.V. (NASDAQ:YNDX) have been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $32.02.

A number of research firms have commented on YNDX. Credit Suisse Group boosted their price target on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, August 3rd. BidaskClub cut shares of Yandex N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research note on Saturday, April 29th.

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Large investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake in shares of Yandex N.V. by 16.7% in the second quarter. Advisor Group Inc. now owns 22,136 shares of the information services provider’s stock valued at $562,000 after buying an additional 3,168 shares during the last quarter. GQG Partners LLC boosted its stake in shares of Yandex N.V. by 59.1% in the second quarter. GQG Partners LLC now owns 1,143,124 shares of the information services provider’s stock valued at $29,996,000 after buying an additional 424,468 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Yandex N.V. by 1.0% in the second quarter. M&T Bank Corp now owns 122,724 shares of the information services provider’s stock valued at $3,220,000 after buying an additional 1,267 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Yandex N.V. by 12.9% in the second quarter. MML Investors Services LLC now owns 10,417 shares of the information services provider’s stock valued at $273,000 after buying an additional 1,189 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Yandex N.V. by 1.8% in the second quarter. FMR LLC now owns 6,732,588 shares of the information services provider’s stock valued at $176,663,000 after buying an additional 120,892 shares during the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.

Shares of Yandex N.V. (NASDAQ YNDX) traded down 0.79% during mid-day trading on Friday, reaching $29.05. 2,507,784 shares of the company’s stock were exchanged. The firm has a market cap of $9.44 billion, a P/E ratio of 36.82 and a beta of 2.86. The company has a 50 day moving average price of $29.04 and a 200 day moving average price of $25.77. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $32.44.

Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The company had revenue of $374.10 million during the quarter. During the same period in the previous year, the company posted $12.05 earnings per share. Yandex N.V.’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts forecast that Yandex N.V. will post $0.77 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Yandex N.V. (NASDAQ:YNDX)

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