Yandex NV (NASDAQ:YNDX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $29.79, but opened at $30.53. Yandex shares last traded at $31.30, with a volume of 2196942 shares changing hands.
Several research firms have recently weighed in on YNDX. Zacks Investment Research downgraded Yandex from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Jefferies Financial Group began coverage on Yandex in a research report on Wednesday, November 21st. They issued a “buy” rating on the stock. HSBC began coverage on Yandex in a research report on Monday, November 5th. They issued a “buy” rating on the stock. Finally, Bank of America decreased their target price on Yandex from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Yandex currently has an average rating of “Buy” and a consensus target price of $41.33.
The firm has a market cap of $10.12 billion, a P/E ratio of 38.64 and a beta of 2.12.
Large investors have recently bought and sold shares of the stock. First Hawaiian Bank acquired a new stake in Yandex during the third quarter worth $115,000. LPL Financial LLC acquired a new stake in Yandex during the third quarter worth $212,000. XR Securities LLC acquired a new stake in Yandex during the third quarter worth $274,000. Robeco Institutional Asset Management B.V. increased its stake in Yandex by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,954 shares of the information services provider’s stock worth $308,000 after acquiring an additional 4,477 shares during the last quarter. Finally, Henry James International Management Inc. acquired a new stake in Yandex during the third quarter worth $298,000. 67.15% of the stock is owned by hedge funds and other institutional investors.
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Yandex Company Profile (NASDAQ:YNDX)
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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