Yandex N.V. (YNDX) Downgraded by VTB Capital to Hold

VTB Capital cut shares of Yandex N.V. (NASDAQ:YNDX) from a buy rating to a hold rating in a research note released on Thursday morning.

Several other analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $37.20 target price on shares of Yandex N.V. in a report on Tuesday, September 5th. Zacks Investment Research lowered Yandex N.V. from a buy rating to a hold rating in a report on Wednesday, July 5th. HSBC Holdings plc reiterated a buy rating and set a $34.60 target price (up previously from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Credit Suisse Group upped their target price on Yandex N.V. from $32.00 to $37.00 and gave the stock an outperform rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reiterated a buy rating and set a $38.00 target price (up previously from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Yandex N.V. currently has an average rating of Hold and an average price target of $35.73.

Shares of Yandex N.V. (NASDAQ YNDX) traded down $1.02 during trading on Thursday, hitting $33.01. The stock had a trading volume of 2,020,557 shares, compared to its average volume of 2,620,401. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $34.83. The company has a market capitalization of $10,728.94, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 2.17 and a beta of 2.84. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22.

Yandex N.V. (NASDAQ:YNDX) last released its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Yandex N.V. had a return on equity of 14.48% and a net margin of 7.32%. The business had revenue of $404.00 million for the quarter. During the same quarter in the previous year, the company posted $11.64 EPS. The business’s revenue was up 21.5% on a year-over-year basis. analysts expect that Yandex N.V. will post 0.52 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Global X MANAGEMENT CO LLC increased its position in Yandex N.V. by 15.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 277,927 shares of the information services provider’s stock worth $9,158,000 after buying an additional 37,838 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Yandex N.V. during the third quarter worth approximately $864,000. American Century Companies Inc. increased its position in Yandex N.V. by 27.8% during the third quarter. American Century Companies Inc. now owns 4,333,538 shares of the information services provider’s stock worth $142,790,000 after buying an additional 942,720 shares during the last quarter. DSAM Partners London Ltd increased its position in Yandex N.V. by 1,248.2% during the third quarter. DSAM Partners London Ltd now owns 1,012,159 shares of the information services provider’s stock worth $33,351,000 after buying an additional 937,082 shares during the last quarter. Finally, Westpac Banking Corp increased its position in Yandex N.V. by 82.6% during the third quarter. Westpac Banking Corp now owns 39,260 shares of the information services provider’s stock worth $1,294,000 after buying an additional 17,760 shares during the last quarter. 62.79% of the stock is currently owned by hedge funds and other institutional investors.

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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