Yandex (NASDAQ:YNDX) Raised to Buy at VTB Capital

Yandex (NASDAQ:YNDX) was upgraded by analysts at VTB Capital from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

A number of other equities analysts also recently issued reports on the stock. Deutsche Bank increased their price target on shares of Yandex from $41.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. HSBC set a $44.00 price target on shares of Yandex and gave the company a “buy” rating in a report on Tuesday, April 23rd. BidaskClub downgraded shares of Yandex from a “strong-buy” rating to a “buy” rating in a report on Friday, April 19th. Renaissance Capital upgraded shares of Yandex from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Yandex from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.40.

Shares of YNDX stock traded up $0.87 during mid-day trading on Tuesday, hitting $38.64. The stock had a trading volume of 174,663 shares, compared to its average volume of 2,125,903. Yandex has a fifty-two week low of $24.90 and a fifty-two week high of $39.70. The stock has a market capitalization of $12.11 billion, a PE ratio of 40.67 and a beta of 2.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.60 and a current ratio of 2.60.

Yandex (NASDAQ:YNDX) last released its earnings results on Thursday, April 25th. The information services provider reported $16.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $16.12. Yandex had a net margin of 36.20% and a return on equity of 11.81%. The company had revenue of $37.28 billion during the quarter, compared to analysts’ expectations of $36.03 billion. During the same quarter last year, the business earned $11.96 EPS. The business’s revenue was up 40.3% on a year-over-year basis. Equities analysts forecast that Yandex will post 1.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in YNDX. OppenheimerFunds Inc. increased its holdings in Yandex by 105.6% during the 3rd quarter. OppenheimerFunds Inc. now owns 18,348,459 shares of the information services provider’s stock valued at $603,480,000 after acquiring an additional 9,423,857 shares in the last quarter. BlackRock Inc. increased its holdings in Yandex 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 in the last quarter. Orbis Allan Gray Ltd purchased a new position in Yandex during the 1st quarter valued at about $92,487,000. GQG Partners LLC increased its holdings in Yandex by 270.6% during the 1st quarter. GQG Partners LLC now owns 6,055,453 shares of the information services provider’s stock valued at $238,888,000 after acquiring an additional 4,421,325 shares in the last quarter. Finally, WCM Investment Management CA increased its holdings in Yandex by 58.2% during the 4th quarter. WCM Investment Management CA now owns 11,767,462 shares of the information services provider’s stock valued at $184,984,000 after acquiring an additional 4,331,377 shares in the last quarter. Institutional investors and hedge funds own 66.18% of the company’s stock.

Yandex Company Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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