JPMorgan Chase & Co. reiterated their overweight rating on shares of Yandex (NASDAQ:YNDX) in a report issued on Thursday morning, Marketbeat reports. They currently have a $47.00 price objective on the information services provider’s stock.

YNDX has been the subject of a number of other research reports. Zacks Investment Research downgraded Yandex from a buy rating to a hold rating in a research note on Thursday, October 12th. TheStreet downgraded Yandex from a b- rating to a c rating in a research note on Tuesday, October 24th. Deutsche Bank lifted their price target on Yandex to $50.00 and gave the company a buy rating in a research note on Tuesday, January 16th. BidaskClub downgraded Yandex from a hold rating to a sell rating in a research note on Wednesday, December 6th. Finally, Bank of America lifted their price target on Yandex from $38.00 to $45.00 and gave the company a buy rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $38.90.

Yandex (NASDAQ:YNDX) opened at $35.89 on Thursday. The stock has a market capitalization of $11,690.00, a PE ratio of 105.56, a price-to-earnings-growth ratio of 0.85 and a beta of 2.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47. Yandex has a 12 month low of $21.40 and a 12 month high of $39.67.

Yandex (NASDAQ:YNDX) last released its quarterly earnings results on Thursday, February 15th. The information services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13). Yandex had a net margin of 7.32% and a return on equity of 14.48%. equities research analysts expect that Yandex will post 0.72 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of YNDX. Cerebellum GP LLC bought a new position in shares of Yandex during the 4th quarter worth approximately $129,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Yandex during the 4th quarter worth approximately $147,000. Raymond James Trust N.A. bought a new position in shares of Yandex during the 4th quarter worth approximately $206,000. Fieldpoint Private Securities LLC bought a new position in shares of Yandex during the 3rd quarter worth approximately $273,000. Finally, Bessemer Group Inc. bought a new position in shares of Yandex during the 4th quarter worth approximately $301,000. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

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Yandex Company Profile

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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