BidaskClub upgraded shares of Yandex (NASDAQ:YNDX) from a buy rating to a strong-buy rating in a report issued on Wednesday.

YNDX has been the subject of several other research reports. Deutsche Bank upped their price target on shares of Yandex to $50.00 and gave the company a buy rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Yandex from a hold rating to a sell rating in a research report on Friday, October 20th. VTB Capital downgraded shares of Yandex from a buy rating to a hold rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. reiterated an overweight rating and issued a $47.00 target price on shares of Yandex in a research report on Thursday, February 8th. Finally, Bank of America increased their target price on shares of Yandex from $38.00 to $45.00 and gave the stock a buy rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $38.90.

Shares of Yandex (NASDAQ:YNDX) traded up $1.47 during trading hours on Wednesday, hitting $38.89. 5,044,200 shares of the company traded hands, compared to its average volume of 2,427,169. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22. The stock has a market cap of $12,190.50, a P/E ratio of 63.42, a PEG ratio of 0.92 and a beta of 2.84. Yandex has a fifty-two week low of $21.40 and a fifty-two week high of $42.72.

A number of hedge funds have recently added to or reduced their stakes in the business. Castleark Management LLC bought a new position in shares of Yandex during the 4th quarter valued at $123,000. Cerebellum GP LLC bought a new position in shares of Yandex during the 4th quarter valued at $129,000. Captrust Financial Advisors bought a new position in shares of Yandex during the 4th quarter valued at $145,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Yandex during the 4th quarter valued at $147,000. Finally, Raymond James Trust N.A. bought a new position in shares of Yandex during the 4th quarter valued at $206,000. Institutional investors own 64.87% of the company’s stock.

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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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