According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “
Other equities research analysts have also issued reports about the company. HSBC started coverage on Yandex NV in a research report on Monday, July 18th. They set a buy rating and a $26.70 price target on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $22.00 target price on shares of Yandex NV in a research report on Wednesday, June 15th. Vetr raised Yandex NV from a buy rating to a strong-buy rating and set a $24.97 target price on the stock in a research report on Wednesday, August 3rd. Pacific Crest reaffirmed a buy rating on shares of Yandex NV in a research report on Friday, July 29th. Finally, TheStreet raised Yandex NV from a sell rating to a hold rating in a research report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $21.57.
Yandex NV (NASDAQ:YNDX) traded up 0.33% during trading on Wednesday, reaching $21.52. 433,783 shares of the company were exchanged. The stock has a market capitalization of $6.91 billion, a PE ratio of 21.18 and a beta of 3.12. The firm’s 50 day moving average is $21.87 and its 200 day moving average is $20.07. Yandex NV has a 52-week low of $10.51 and a 52-week high of $23.87.
Yandex NV (NASDAQ:YNDX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.61 billion. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The business’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the company posted $8.63 earnings per share. Analysts expect that Yandex NV will post $0.70 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Yandex NV during the fourth quarter valued at $33,435,000. Ngam Advisors L.P. boosted its position in shares of Yandex NV by 59.5% in the first quarter. Ngam Advisors L.P. now owns 80,533 shares of the company’s stock valued at $1,234,000 after buying an additional 30,046 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Yandex NV by 69.9% in the first quarter. Franklin Resources Inc. now owns 4,097,322 shares of the company’s stock valued at $62,772,000 after buying an additional 1,685,827 shares in the last quarter. M&T Bank Corp boosted its position in shares of Yandex NV by 17.0% in the first quarter. M&T Bank Corp now owns 24,460 shares of the company’s stock valued at $373,000 after buying an additional 3,556 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Yandex NV by 1.2% in the first quarter. Aviva PLC now owns 121,124 shares of the company’s stock valued at $1,856,000 after buying an additional 1,378 shares in the last quarter. 62.65% of the stock is owned by institutional investors and hedge funds.
About Yandex NV
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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