Yandex (NASDAQ:YNDX) Shares Down 15.7%

Yandex NV (NASDAQ:YNDX) was down 15.7% during trading on Friday . The stock traded as low as $28.91 and last traded at $29.99, approximately 34,199,928 shares traded hands during mid-day trading. An increase of 1,287% from the average daily volume of 2,466,631 shares. The stock had previously closed at $35.56.

Several research analysts recently commented on YNDX shares. Bank of America set a $50.00 target price on shares of Yandex and gave the stock a “buy” rating in a research note on Monday, July 15th. ValuEngine downgraded shares of Yandex from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. OTR Global started coverage on shares of Yandex in a research note on Thursday, June 27th. They issued a “positive” rating on the stock. Finally, HSBC set a $45.00 target price on shares of Yandex and gave the stock a “buy” rating in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $44.20.

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.03 and a quick ratio of 3.03. The firm’s 50 day moving average is $36.35 and its 200 day moving average is $37.19. The company has a market capitalization of $11.50 billion, a PE ratio of 31.57 and a beta of 1.98.

Yandex (NASDAQ:YNDX) last issued its earnings results on Friday, July 26th. The information services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm had revenue of $41.40 billion during the quarter, compared to analysts’ expectations of $40.64 billion. Yandex had a return on equity of 12.09% and a net margin of 12.15%. The firm’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $15.11 earnings per share. As a group, analysts predict that Yandex NV will post 1.14 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Aperio Group LLC increased its position in Yandex by 4.6% during the 2nd quarter. Aperio Group LLC now owns 8,750 shares of the information services provider’s stock valued at $333,000 after purchasing an additional 384 shares during the period. KBC Group NV increased its position in Yandex by 19.3% during the 2nd quarter. KBC Group NV now owns 4,837 shares of the information services provider’s stock valued at $184,000 after purchasing an additional 783 shares during the period. Captrust Financial Advisors increased its position in Yandex by 45.1% during the 2nd quarter. Captrust Financial Advisors now owns 3,634 shares of the information services provider’s stock valued at $138,000 after purchasing an additional 1,130 shares during the period. Harbour Capital Advisors LLC increased its position in Yandex by 6.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 19,270 shares of the information services provider’s stock valued at $732,000 after purchasing an additional 1,210 shares during the period. Finally, BB&T Corp increased its position in Yandex by 10.5% during the 2nd quarter. BB&T Corp now owns 16,544 shares of the information services provider’s stock valued at $629,000 after purchasing an additional 1,570 shares during the period. 66.52% of the stock is currently owned by institutional investors and hedge funds.

About Yandex (NASDAQ:YNDX)

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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