Yandex (NASDAQ:YNDX) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
Several other brokerages have also weighed in on YNDX. Zacks Investment Research raised shares of Yandex from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. VTB Capital lowered shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Deutsche Bank increased their target price on shares of Yandex from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Bank of America increased their target price on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, TheStreet lowered shares of Yandex from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Yandex presently has a consensus rating of “Buy” and a consensus target price of $37.89.
Shares of Yandex (YNDX) opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47. Yandex has a 1-year low of $21.40 and a 1-year high of $37.69. The stock has a market cap of $12,219.82, a PE ratio of 63.58, a P/E/G ratio of 0.97 and a beta of 2.79.
A number of hedge funds have recently made changes to their positions in YNDX. Schwab Charles Investment Management Inc. boosted its stake in shares of Yandex by 22.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,643 shares of the information services provider’s stock valued at $1,513,000 after purchasing an additional 10,377 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Yandex by 5.6% in the second quarter. Neuberger Berman Group LLC now owns 19,257 shares of the information services provider’s stock valued at $505,000 after purchasing an additional 1,017 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Yandex in the second quarter valued at approximately $290,000. Alliancebernstein L.P. purchased a new position in shares of Yandex in the second quarter valued at approximately $2,862,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Yandex by 26.7% in the second quarter. Nationwide Fund Advisors now owns 316,007 shares of the information services provider’s stock valued at $8,292,000 after purchasing an additional 66,547 shares during the period. 65.82% of the stock is owned by institutional investors.
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Yandex 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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