Yandex (NASDAQ:YNDX) had its price objective lowered by analysts at Deutsche Bank from $50.00 to $42.00 in a note issued to investors on Tuesday, October 23rd. The brokerage currently has a “buy” rating on the information services provider’s stock. Deutsche Bank’s target price would indicate a potential upside of 39.30% from the company’s current price.
Several other brokerages also recently issued reports on YNDX. Zacks Investment Research downgraded shares of Yandex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, ValuEngine upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Yandex currently has an average rating of “Buy” and an average target price of $41.33.
Yandex stock opened at $30.15 on Tuesday. Yandex has a one year low of $24.90 and a one year high of $44.49. The stock has a market cap of $9.75 billion, a PE ratio of 37.22 and a beta of 2.43.
Yandex (NASDAQ:YNDX) last issued its earnings results on Monday, October 29th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Yandex had a net margin of 37.72% and a return on equity of 12.70%. The business had revenue of $496.60 million during the quarter. During the same quarter last year, the business posted $7.16 earnings per share. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. Research analysts anticipate that Yandex will post 0.81 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Yandex by 1,392.1% during the third quarter. SG Americas Securities LLC now owns 174,656 shares of the information services provider’s stock worth $5,744,000 after purchasing an additional 162,951 shares during the period. British Airways Pensions Investment Management Ltd increased its holdings in shares of Yandex by 7.4% during the third quarter. British Airways Pensions Investment Management Ltd now owns 54,152 shares of the information services provider’s stock worth $1,781,000 after purchasing an additional 3,752 shares during the period. Thornburg Investment Management Inc. increased its holdings in shares of Yandex by 5.4% during the third quarter. Thornburg Investment Management Inc. now owns 1,943,019 shares of the information services provider’s stock worth $63,906,000 after purchasing an additional 99,764 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Yandex by 91.6% during the third quarter. Daiwa Securities Group Inc. now owns 53,170 shares of the information services provider’s stock worth $1,749,000 after purchasing an additional 25,414 shares during the period. Finally, Boston Common Asset Management LLC bought a new position in Yandex in the third quarter valued at approximately $5,973,000. 68.81% of the stock is currently owned by institutional investors.
Yandex Company Profile
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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