ValuEngine upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a buy rating in a research note published on Saturday, ValuEngine reports.

Several other brokerages have also recently weighed in on YNDX. Bank of America set a $47.00 price target on shares of Yandex and gave the company a buy rating in a research report on Tuesday, March 19th. Deutsche Bank increased their price target on shares of Yandex from $41.00 to $44.00 and gave the company a buy rating in a research report on Wednesday, March 6th. UBS Group set a $45.00 price target on shares of Yandex and gave the company a buy rating in a research report on Tuesday, April 2nd. Zacks Investment Research raised shares of Yandex from a sell rating to a hold rating in a research report on Saturday, February 2nd. Finally, BidaskClub raised shares of Yandex from a buy rating to a strong-buy rating in a research report on Tuesday, December 25th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $43.40.

Shares of Yandex stock opened at $39.00 on Friday. Yandex has a 52-week low of $24.90 and a 52-week high of $39.70. The firm has a market capitalization of $12.77 billion, a PE ratio of 41.05 and a beta of 2.18.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Friday, February 15th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). Yandex had a net margin of 37.60% and a return on equity of 11.41%. The business had revenue of $38.84 billion during the quarter, compared to analysts’ expectations of $37.45 billion. During the same period last year, the company posted $15.85 EPS. Yandex’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, analysts forecast that Yandex will post 1.38 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in YNDX. Bank of New York Mellon Corp boosted its position in Yandex by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,496,467 shares of the information services provider’s stock valued at $82,108,000 after buying an additional 71,344 shares during the period. BlackRock Inc. lifted its position in shares of Yandex by 17.9% in the 3rd quarter. BlackRock Inc. now owns 7,263,914 shares of the information services provider’s stock worth $238,911,000 after purchasing an additional 1,102,214 shares during the period. LPL Financial LLC purchased a new stake in shares of Yandex in the 3rd quarter worth about $212,000. Capital International Investors lifted its position in shares of Yandex by 434.1% in the 3rd quarter. Capital International Investors now owns 2,090,508 shares of the information services provider’s stock worth $68,757,000 after purchasing an additional 1,699,108 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Yandex by 7.0% in the 3rd quarter. Deutsche Bank AG now owns 1,360,534 shares of the information services provider’s stock worth $44,745,000 after purchasing an additional 89,569 shares during the period. 64.91% of the stock is owned by institutional investors and hedge funds.

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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