Yandex (YNDX) Lifted to Hold at BidaskClub

Yandex (NASDAQ:YNDX) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts have also weighed in on YNDX. Goldman Sachs Group reiterated a “buy” rating and issued a $37.20 target price on shares of Yandex in a research note on Tuesday, September 5th. Zacks Investment Research upgraded Yandex from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, October 5th. Deutsche Bank raised their price target on Yandex from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. TheStreet lowered Yandex from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. Finally, VTB Capital lowered Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Yandex has an average rating of “Hold” and an average price target of $36.89.

Yandex (NASDAQ:YNDX) traded up $0.40 during mid-day trading on Tuesday, reaching $33.29. The company’s stock had a trading volume of 2,018,200 shares, compared to its average volume of 2,551,234. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47. Yandex has a twelve month low of $19.92 and a twelve month high of $35.32. The stock has a market capitalization of $10,714.74, a price-to-earnings ratio of 55.75, a price-to-earnings-growth ratio of 1.75 and a beta of 2.80.

Yandex (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Yandex had a return on equity of 14.48% and a net margin of 7.32%. The business had revenue of $404.00 million for the quarter. During the same quarter in the previous year, the business earned $11.64 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. equities research analysts forecast that Yandex will post 0.57 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Yandex by 328.3% during the second quarter. American Century Companies Inc. now owns 3,390,818 shares of the information services provider’s stock valued at $88,975,000 after purchasing an additional 2,599,072 shares in the last quarter. Emerging Sovereign Group LLC bought a new stake in Yandex during the second quarter valued at about $53,695,000. Newbrook Capital Advisors LP bought a new stake in Yandex during the second quarter valued at about $50,062,000. Harding Loevner LP boosted its position in Yandex by 45.2% during the third quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock valued at $124,012,000 after purchasing an additional 1,752,160 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Yandex by 65.2% during the second quarter. Lazard Asset Management LLC now owns 3,301,761 shares of the information services provider’s stock valued at $86,638,000 after purchasing an additional 1,302,748 shares in the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.

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About Yandex

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 (NASDAQ:YNDX)

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