Yandex (NASDAQ:YNDX) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Yandex (NASDAQ:YNDX) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning, ValuEngine reports.

A number of other research analysts also recently weighed in on the stock. Bank of America set a $50.00 price target on shares of Yandex and gave the company a buy rating in a report on Monday, July 15th. OTR Global began coverage on shares of Yandex in a report on Thursday, June 27th. They set a positive rating on the stock. BidaskClub downgraded shares of Yandex from a buy rating to a hold rating in a report on Tuesday, October 1st. Finally, HSBC set a $45.00 price target on shares of Yandex and gave the company a buy rating in a report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Yandex has an average rating of Buy and an average target price of $44.20.

Shares of NASDAQ:YNDX traded down $5.57 during trading on Friday, reaching $29.99. 34,199,928 shares of the company traded hands, compared to its average volume of 2,313,161. The firm has a fifty day simple moving average of $36.35 and a 200 day simple moving average of $37.19. The firm has a market cap of $11.58 billion, a P/E ratio of 31.57 and a beta of 1.98. Yandex has a 1-year low of $24.90 and a 1-year high of $42.37. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.05.

Yandex (NASDAQ:YNDX) last issued its earnings results on Friday, July 26th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The company had revenue of $41.40 billion for the quarter, compared to analyst estimates of $40.64 billion. Yandex had a net margin of 12.15% and a return on equity of 12.09%. The company’s quarterly revenue was up 41.0% on a year-over-year basis. During the same period last year, the business earned $15.11 EPS. As a group, research analysts anticipate that Yandex will post 1.14 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Yandex by 450.6% during the 2nd quarter. Invesco Ltd. now owns 16,658,596 shares of the information services provider’s stock valued at $633,026,000 after purchasing an additional 13,633,061 shares in the last quarter. Genesis Asset Managers LLP raised its holdings in shares of Yandex by 1.3% during the 2nd quarter. Genesis Asset Managers LLP now owns 5,801,957 shares of the information services provider’s stock valued at $220,474,000 after purchasing an additional 76,967 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Yandex by 21.6% during the 2nd quarter. William Blair Investment Management LLC now owns 3,905,329 shares of the information services provider’s stock valued at $148,403,000 after purchasing an additional 692,919 shares in the last quarter. Nuveen Asset Management LLC bought a new position in Yandex in the 2nd quarter worth $93,541,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in Yandex by 69.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,106,765 shares of the information services provider’s stock worth $80,057,000 after acquiring an additional 863,530 shares during the period. Institutional investors and hedge funds own 66.52% of the company’s stock.

About Yandex

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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