Zacks Investment Research Lowers Yandex (YNDX) to Sell

Yandex (NASDAQ:YNDX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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. “

YNDX has been the topic of a number of other reports. Deutsche Bank increased their price objective on shares of Yandex to $50.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. BidaskClub upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. VTB Capital downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America increased their price objective on shares of Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $47.00 price objective on shares of Yandex in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $38.90.

Yandex (NASDAQ:YNDX) traded up $0.61 during midday trading on Tuesday, reaching $36.50. 1,531,700 shares of the company’s stock were exchanged, compared to its average volume of 2,255,764. Yandex has a 12-month low of $21.40 and a 12-month high of $39.67. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.22. The company has a market cap of $12,290.00, a P/E ratio of 107.35, a price-to-earnings-growth ratio of 0.90 and a beta of 2.84.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Yandex had a net margin of 7.32% and a return on equity of 14.48%. research analysts predict that Yandex will post 0.72 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of YNDX. OppenheimerFunds Inc. bought a new position in shares of Yandex in the 4th quarter worth about $167,376,000. Harding Loevner LP lifted its position in shares of Yandex by 45.2% in the 3rd quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock worth $124,012,000 after buying an additional 1,752,160 shares during the last quarter. Genesis Asset Managers LLP bought a new position in shares of Yandex in the 4th quarter worth about $38,012,000. Barings LLC bought a new position in shares of Yandex in the 4th quarter worth about $36,688,000. Finally, WCM Investment Management CA lifted its position in shares of Yandex by 6.5% in the 4th quarter. WCM Investment Management CA now owns 16,745,927 shares of the information services provider’s stock worth $548,429,000 after buying an additional 1,020,532 shares during the last quarter. Institutional investors own 64.87% of the company’s stock.

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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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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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