Yandex (YNDX) Lowered to “Buy” at BidaskClub

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BidaskClub downgraded shares of Yandex (NASDAQ:YNDX) from a strong-buy rating to a buy rating in a research note issued to investors on Friday, BidAskClub reports.

A number of other brokerages also recently issued reports on YNDX. Zacks Investment Research raised Yandex from a sell rating to a hold rating in a research note on Saturday, April 13th. ValuEngine raised Yandex from a hold rating to a buy rating in a research note on Saturday, April 13th. UBS Group set a $45.00 target price on Yandex and gave the stock a buy rating in a research note on Tuesday, April 2nd. Bank of America set a $47.00 price target on Yandex and gave the stock a buy rating in a report on Tuesday, March 19th. Finally, Deutsche Bank increased their price target on Yandex from $41.00 to $44.00 and gave the stock a buy rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Yandex has a consensus rating of Buy and a consensus price target of $43.40.

Shares of YNDX stock opened at $37.44 on Friday. The stock has a market cap of $12.29 billion, a PE ratio of 39.41 and a beta of 2.18. Yandex has a fifty-two week low of $24.90 and a fifty-two week high of $39.70.

Yandex (NASDAQ:YNDX) last announced its earnings results on Friday, February 15th. The information services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Yandex had a return on equity of 11.41% and a net margin of 37.60%. 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 previous year, the company earned $15.85 earnings per share. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, research analysts forecast that Yandex will post 1.35 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Yandex by 17.9% during the 3rd quarter. BlackRock Inc. now owns 7,263,914 shares of the information services provider’s stock valued at $238,911,000 after acquiring an additional 1,102,214 shares during the period. Genesis Asset Managers LLP raised its position in Yandex by 72.5% in the 4th 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 in the last quarter. Hound Partners LLC raised its position in Yandex by 316.7% in the 4th 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 in the last quarter. American Century Companies Inc. raised its position in Yandex by 17.8% in the 4th quarter. American Century Companies Inc. now owns 3,600,711 shares of the information services provider’s stock valued at $98,479,000 after purchasing an additional 544,701 shares in the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new stake in Yandex in the 4th quarter valued at about $95,828,000. Institutional investors own 64.91% of the company’s stock.

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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