Yandex (NASDAQ:YNDX) Downgraded by TheStreet

TheStreet downgraded shares of Yandex (NASDAQ:YNDX) from a b rating to a c+ rating in a report released on Friday, TheStreetRatingsTable reports.

A number of other equities analysts also recently issued reports on YNDX. Bank of America upgraded Yandex from a neutral rating to a buy rating and set a $80.00 price objective for the company in a research report on Tuesday, November 24th. Renaissance Capital upgraded Yandex from a hold rating to a buy rating and set a $77.00 price objective for the company in a research report on Tuesday, February 9th. HSBC downgraded Yandex from a buy rating to a hold rating and set a $65.00 price objective for the company. in a research report on Wednesday, December 9th. The Goldman Sachs Group began coverage on Yandex in a research report on Thursday, October 29th. They set a buy rating for the company. Finally, Jefferies Financial Group downgraded Yandex from a buy rating to a hold rating and set a $57.00 target price for the company. in a report on Friday, October 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Yandex has a consensus rating of Buy and a consensus target price of $61.31.

Shares of YNDX opened at $65.92 on Friday. Yandex has a 1 year low of $27.93 and a 1 year high of $74.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.68 and a quick ratio of 6.68. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 193.88, a price-to-earnings-growth ratio of 4.05 and a beta of 1.62. The business has a 50-day moving average of $68.33 and a 200-day moving average of $64.73.

Large investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd boosted its position in shares of Yandex by 54.8% during the third quarter. Altshuler Shaham Ltd now owns 466 shares of the information services provider’s stock valued at $30,000 after buying an additional 165 shares during the last quarter. Huntington National Bank boosted its position in Yandex by 37.0% in the fourth quarter. Huntington National Bank now owns 740 shares of the information services provider’s stock worth $51,000 after purchasing an additional 200 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Yandex by 66.4% in the third quarter. Harbor Investment Advisory LLC now owns 749 shares of the information services provider’s stock worth $49,000 after purchasing an additional 299 shares during the last quarter. Dimension Capital Management LLC purchased a new position in Yandex in the third quarter worth $54,000. Finally, Sowell Financial Services LLC boosted its position in Yandex by 36.3% in the fourth quarter. Sowell Financial Services LLC now owns 1,146 shares of the information services provider’s stock worth $80,000 after purchasing an additional 305 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors.

About Yandex

Yandex N.V., an Internet and technology company, provides 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.

Recommended Story: Net Asset Value

Analyst Recommendations for Yandex (NASDAQ:YNDX)

Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.