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.
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.
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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