A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Yandex N.V. from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Tuesday, May 30th. Deutsche Bank AG reaffirmed a buy rating and set a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research report on Saturday, April 29th. Credit Suisse Group raised their price objective on Yandex N.V. from $32.00 to $37.00 and gave the company an outperform rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Standpoint Research lowered Yandex N.V. from a buy rating to a hold rating in a report on Friday, April 7th. Finally, BidaskClub lowered Yandex N.V. from a hold rating to a sell rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $31.92.
Yandex N.V. (NASDAQ:YNDX) opened at 29.81 on Friday. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 37.78 and a beta of 2.86. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $32.44. The stock has a 50 day moving average of $29.48 and a 200-day moving average of $26.01.
A number of institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management CA increased its position in Yandex N.V. by 4.5% in the second quarter. WCM Investment Management CA now owns 15,465,155 shares of the information services provider’s stock valued at $405,806,000 after buying an additional 665,992 shares during the period. Morgan Stanley increased its position in 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 valued at $334,174,000 after buying an additional 3,231,080 shares during the period. Wellington Management Group LLP increased its position in Yandex N.V. by 4.6% in the first quarter. Wellington Management Group LLP now owns 12,961,670 shares of the information services provider’s stock valued at $284,249,000 after buying an additional 572,192 shares during the period. BlackRock Inc. increased its position in 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 valued at $209,503,000 after buying an additional 8,018,212 shares during the period. Finally, FMR LLC increased its position in shares of Yandex N.V. by 1.8% in the second quarter. FMR LLC now owns 6,732,588 shares of the information services provider’s stock valued at $176,663,000 after buying an additional 120,892 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.
Yandex N.V. 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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