Deutsche Bank AG reissued their buy rating on shares of Yandex N.V. (NASDAQ:YNDX) in a report published on Friday. The brokerage currently has a $38.00 price objective on the information services provider’s stock, up from their previous price objective of $35.00.
YNDX has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Yandex N.V. in a report on Thursday, April 6th. Zacks Investment Research lowered Yandex N.V. from a buy rating to a hold rating in a report on Wednesday, July 5th. BidaskClub upgraded Yandex N.V. from a sell rating to a hold rating in a report on Friday, June 23rd. VTB Capital upgraded Yandex N.V. from a hold rating to a buy rating and set a $31.00 price target for the company in a report on Thursday, June 15th. Finally, Standpoint Research lowered Yandex N.V. from a buy rating to a hold rating in a report on Friday, April 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $28.76.
Yandex N.V. (YNDX) traded down 0.89% on Friday, reaching $31.34. The company’s stock had a trading volume of 2,517,512 shares. Yandex N.V. has a one year low of $17.28 and a one year high of $32.44. The firm has a 50-day moving average of $27.17 and a 200-day moving average of $24.02. The company has a market capitalization of $10.14 billion, a PE ratio of 48.51 and a beta of 2.85.
Yandex N.V. (NASDAQ:YNDX) last announced its earnings results on Thursday, April 27th. The information services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Yandex N.V. had a net margin of 8.07% and a return on equity of 14.52%. The business had revenue of $20.65 billion for the quarter. During the same period in the previous year, the business earned $9.81 EPS. Yandex N.V.’s revenue for the quarter was up 25.4% on a year-over-year basis. Analysts predict that Yandex N.V. will post $0.83 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Yandex N.V. by 522.3% in the first quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock worth $209,503,000 after buying an additional 8,018,212 shares during the period. Morgan Stanley increased its position in shares of Yandex N.V. by 26.9% in the first quarter. Morgan Stanley now owns 15,238,199 shares of the information services provider’s stock worth $334,174,000 after buying an additional 3,231,080 shares during the period. Thornburg Investment Management Inc. increased its position in shares of Yandex N.V. by 88.4% in the first quarter. Thornburg Investment Management Inc. now owns 6,231,603 shares of the information services provider’s stock worth $136,659,000 after buying an additional 2,924,551 shares during the period. Norges Bank acquired a new position in shares of Yandex N.V. during the fourth quarter worth approximately $55,142,000. Finally, Barings LLC acquired a new position in shares of Yandex N.V. during the first quarter worth approximately $38,748,000. 70.56% of the stock is owned by institutional investors.
About Yandex N.V.
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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