Zacks Investment Research upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a strong-buy rating in a research note published on Saturday. They currently have $40.00 price objective on the information services provider’s stock.
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. “
A number of other research analysts have also weighed in on YNDX. BidaskClub lowered shares of Yandex from a strong-buy rating to a buy rating in a research note on Thursday, March 29th. Citigroup upgraded shares of Yandex from a neutral rating to a buy rating and lifted their price objective for the company from $39.25 to $40.00 in a research note on Thursday, March 29th. ValuEngine lowered shares of Yandex from a buy rating to a hold rating in a research note on Saturday, April 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Yandex from $41.00 to $44.00 and gave the company an overweight rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $38.91.
Yandex stock opened at $35.11 on Friday. Yandex has a 1-year low of $25.65 and a 1-year high of $44.49. The company has a market capitalization of $11.79 billion, a P/E ratio of 43.35 and a beta of 2.69.
Yandex (NASDAQ:YNDX) last released its quarterly earnings data on Wednesday, April 25th. The information services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Yandex had a net margin of 10.30% and a return on equity of 15.28%. The business had revenue of $464.00 million during the quarter. During the same period last year, the company earned $11.41 EPS. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. equities analysts predict that Yandex will post 0.97 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management CA grew its position in shares of Yandex by 4.5% during the 1st quarter. WCM Investment Management CA now owns 17,504,854 shares of the information services provider’s stock valued at $690,566,000 after purchasing an additional 758,927 shares in the last quarter. Carmignac Gestion grew its position in shares of Yandex by 0.3% during the 1st quarter. Carmignac Gestion now owns 6,942,417 shares of the information services provider’s stock valued at $273,878,000 after purchasing an additional 18,643 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Yandex by 27.1% during the 1st quarter. OppenheimerFunds Inc. now owns 6,497,369 shares of the information services provider’s stock valued at $256,320,000 after purchasing an additional 1,386,659 shares in the last quarter. GQG Partners LLC grew its position in shares of 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 purchasing an additional 4,421,325 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Yandex by 14.0% during the 1st quarter. BlackRock Inc. now owns 4,966,630 shares of the information services provider’s stock valued at $195,934,000 after purchasing an additional 608,871 shares in the last quarter. Hedge funds and other institutional investors own 69.44% of the company’s stock.
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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