Yandex (NASDAQ:YNDX) Shares Gap Up to $40.07

Yandex NV (NASDAQ:YNDX) shares gapped up prior to trading on Tuesday . The stock had previously closed at $42.01, but opened at $40.07. Yandex shares last traded at $39.36, with a volume of 209,126 shares changing hands.

YNDX has been the subject of a number of research reports. ValuEngine upgraded Yandex from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, UBS Group set a $54.30 price target on Yandex and gave the company a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.33.

The company has a market capitalization of $11.62 billion, a P/E ratio of 41.51, a PEG ratio of 0.95 and a beta of 1.96. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $33.48 and a 200 day moving average price of $36.55.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, October 25th. The information services provider reported $20.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $20.15. Yandex had a return on equity of 12.22% and a net margin of 10.94%. The company had revenue of $45.01 billion during the quarter, compared to analysts’ expectations of $44.44 billion. During the same period in the prior year, the company earned $18.80 EPS. Yandex’s revenue was up 38.2% compared to the same quarter last year. On average, research analysts predict that Yandex NV will post 1.01 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Asset Management Inc. acquired a new stake in Yandex in the second quarter valued at $268,000. Janus Henderson Group PLC increased its holdings in Yandex by 1.1% in the second quarter. Janus Henderson Group PLC now owns 1,214,881 shares of the information services provider’s stock valued at $46,171,000 after purchasing an additional 12,631 shares during the period. United Services Automobile Association increased its holdings in Yandex by 3.0% in the second quarter. United Services Automobile Association now owns 484,113 shares of the information services provider’s stock valued at $18,396,000 after purchasing an additional 14,300 shares during the period. Ossiam acquired a new stake in Yandex in the second quarter valued at $11,400,000. Finally, UBS Asset Management Americas Inc. increased its holdings in Yandex by 146.8% in the second quarter. UBS Asset Management Americas Inc. now owns 1,428,244 shares of the information services provider’s stock valued at $54,273,000 after purchasing an additional 849,584 shares during the period. Institutional investors and hedge funds own 69.31% of the company’s stock.

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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