Yandex N.V. (YNDX) Downgraded by Zacks Investment Research to “Hold”
Yandex N.V. (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “
A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.20 price target on shares of Yandex N.V. in a research note on Tuesday, September 5th. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, August 3rd. TheStreet raised shares of Yandex N.V. from a “c-” rating to a “b-” rating in a research note on Friday, July 28th. Credit Suisse Group upped their price objective on shares of Yandex N.V. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Renaissance Capital reaffirmed a “sell” rating and issued a $24.30 price objective (up previously from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Yandex N.V. currently has an average rating of “Hold” and a consensus price target of $35.16.
Yandex N.V. (NASDAQ:YNDX) last released its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%.
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Several institutional investors have recently made changes to their positions in YNDX. Financial Counselors Inc. raised its holdings in Yandex N.V. by 3.0% during the 2nd quarter. Financial Counselors Inc. now owns 12,850 shares of the information services provider’s stock valued at $337,000 after buying an additional 370 shares during the last quarter. Parallel Advisors LLC raised its holdings in Yandex N.V. by 13.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after buying an additional 472 shares during the last quarter. Stifel Financial Corp raised its holdings in Yandex N.V. by 1.0% during the 2nd quarter. Stifel Financial Corp now owns 61,273 shares of the information services provider’s stock valued at $1,612,000 after buying an additional 598 shares during the last quarter. Fred Alger Management Inc. raised its holdings in Yandex N.V. by 2.3% during the 2nd quarter. Fred Alger Management Inc. now owns 29,953 shares of the information services provider’s stock valued at $786,000 after buying an additional 665 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Yandex N.V. by 8.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,359 shares of the information services provider’s stock valued at $351,000 after buying an additional 987 shares during the last quarter. 67.59% of the stock is owned by 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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