Zacks Investment Research Downgrades Yandex N.V. (YNDX) to Sell
Yandex N.V. (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.
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 analysts have also recently commented on YNDX. BidaskClub upgraded shares of Yandex N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 target price (up from $35.00) on shares of Yandex N.V. in a research note on Friday, July 14th. HSBC Holdings plc reiterated a “buy” rating and issued a $34.60 target price (up from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. Renaissance Capital reiterated a “sell” rating and issued a $24.30 target price (up from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. Finally, Credit Suisse Group lifted their target price 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $35.16.
Shares of Yandex N.V. (YNDX) traded down 1.52% on Friday, reaching $31.16. 3,166,742 shares of the company were exchanged. The firm’s 50 day moving average price is $32.45 and its 200 day moving average price is $28.78. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $34.27. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 39.49 and a beta of 2.82.
Yandex N.V. (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13). Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. Equities research analysts anticipate that Yandex N.V. will post $0.79 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in YNDX. BlackRock Inc. lifted its stake in Yandex N.V. by 522.3% during the 1st quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock valued at $209,503,000 after acquiring an additional 8,018,212 shares during the period. American Century Companies Inc. lifted its stake in Yandex N.V. by 328.3% during the 2nd quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock valued at $88,975,000 after acquiring an additional 2,599,072 shares during the period. Emerging Sovereign Group LLC acquired a new stake in Yandex N.V. during the 2nd quarter valued at approximately $53,695,000. Newbrook Capital Advisors LP acquired a new stake in Yandex N.V. during the 2nd quarter valued at approximately $50,062,000. Finally, Acadian Asset Management LLC lifted its stake in Yandex N.V. by 68.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,473,842 shares of the information services provider’s stock valued at $117,393,000 after acquiring an additional 1,819,154 shares during the period. Institutional investors and hedge funds own 67.59% of the company’s stock.
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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