Yandex (NASDAQ:YNDX) Downgraded by ValuEngine
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.
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.
See Also: Price to Earnings Ratio (PE)
To view ValuEngine’s full report, visit ValuEngine’s official website.
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