Yandex (NASDAQ:YNDX) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the stock. VTB Capital raised shares of Yandex from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. OTR Global initiated coverage on Yandex in a report on Thursday, June 27th. They set a “positive” rating for the company. BidaskClub downgraded shares of Yandex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th. Renaissance Capital raised Yandex from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, HSBC set a $45.00 price target on Yandex and gave the stock a “buy” rating in a research note on Friday, June 14th. Two investment analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.20.

NASDAQ:YNDX traded up $0.18 on Wednesday, reaching $37.66. The company’s stock had a trading volume of 1,032,306 shares, compared to its average volume of 2,302,538. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 39.64 and a beta of 1.98. Yandex has a 12-month low of $24.90 and a 12-month high of $42.37. The stock has a 50 day moving average price of $37.23 and a 200 day moving average price of $37.09. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.05.

Yandex (NASDAQ:YNDX) last issued its quarterly earnings results on Friday, July 26th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.10). The business had revenue of $41.40 billion for 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 revenue for the quarter was up 41.0% on a year-over-year basis. During the same quarter last year, the company earned $15.11 earnings per share. Equities research analysts expect that Yandex will post 1.19 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its position in Yandex by 450.6% in the second quarter. Invesco Ltd. now owns 16,658,596 shares of the information services provider’s stock worth $633,026,000 after buying an additional 13,633,061 shares during the period. Genesis Asset Managers LLP lifted its holdings in shares of Yandex by 1.3% in the second quarter. Genesis Asset Managers LLP now owns 5,801,957 shares of the information services provider’s stock valued at $220,474,000 after purchasing an additional 76,967 shares in the last quarter. William Blair Investment Management LLC grew its stake in Yandex by 21.6% during the 2nd quarter. William Blair Investment Management LLC now owns 3,905,329 shares of the information services provider’s stock valued at $148,403,000 after acquiring an additional 692,919 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Yandex by 0.9% during the 1st quarter. Wells Fargo & Company MN now owns 3,399,443 shares of the information services provider’s stock valued at $116,737,000 after acquiring an additional 29,199 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Yandex by 21.8% in the first quarter. Neuberger Berman Group LLC now owns 2,912,723 shares of the information services provider’s stock worth $100,023,000 after buying an additional 520,736 shares during the last quarter. Institutional investors and hedge funds own 72.13% of the company’s stock.

Yandex Company Profile

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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