Yandex (YNDX) Shares Gap Up to $30.53

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.



Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The firm had revenue of $496.60 million during the quarter. During the same period in the prior year, the business posted $7.16 EPS. Yandex’s revenue for the quarter was up 39.0% compared to the same quarter last year. On average, equities analysts predict that Yandex NV will post 0.8 EPS for the current year.

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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