Yandex NV (YNDX) Given Consensus Rating of “Buy” by Brokerages

Yandex NV (NASDAQ:YNDX) has been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.20.

YNDX has been the topic of several recent analyst reports. BidaskClub raised Yandex from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Jefferies Financial Group initiated coverage on Yandex in a research report on Wednesday, November 21st. They set a “buy” rating on the stock. HSBC initiated coverage on Yandex in a research report on Monday, November 5th. They set a “buy” rating on the stock. Deutsche Bank cut their price objective on Yandex from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Finally, UBS Group set a $43.00 price objective on Yandex and gave the company a “buy” rating in a report on Wednesday, October 31st.

NASDAQ:YNDX traded down $1.07 during mid-day trading on Thursday, hitting $31.79. 1,839,026 shares of the company’s stock traded hands, compared to its average volume of 2,309,855. Yandex has a twelve month low of $24.90 and a twelve month high of $44.20. The firm has a market capitalization of $10.60 billion, a P/E ratio of 33.46 and a beta of 2.16.

Yandex (NASDAQ:YNDX) last announced its earnings results on Friday, February 15th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Yandex had a net margin of 37.60% and a return on equity of 11.41%. The business had revenue of $38.84 billion for the quarter, compared to analyst estimates of $37.45 billion. During the same period in the prior year, the company earned $15.85 earnings per share. The company’s quarterly revenue was up 39.4% on a year-over-year basis. On average, equities analysts predict that Yandex will post 1.5 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. OppenheimerFunds Inc. increased its holdings in shares of Yandex by 105.6% in the third quarter. OppenheimerFunds Inc. now owns 18,348,459 shares of the information services provider’s stock valued at $603,480,000 after purchasing an additional 9,423,857 shares during the period. BlackRock Inc. increased its holdings in shares of Yandex by 17.9% in the third quarter. BlackRock Inc. now owns 7,263,914 shares of the information services provider’s stock valued at $238,911,000 after purchasing an additional 1,102,214 shares during the period. Genesis Asset Managers LLP increased its holdings in shares of Yandex by 72.5% in the fourth quarter. Genesis Asset Managers LLP now owns 6,112,390 shares of the information services provider’s stock valued at $167,174,000 after purchasing an additional 2,569,053 shares during the period. Hound Partners LLC increased its holdings in shares of Yandex by 316.7% in the fourth quarter. Hound Partners LLC now owns 4,164,816 shares of the information services provider’s stock valued at $113,908,000 after purchasing an additional 3,165,321 shares during the period. Finally, Coronation Fund Managers Ltd. acquired a new position in shares of Yandex in the fourth quarter valued at about $95,828,000. 69.32% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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