Yandex N.V. (YNDX) Lowered to Hold at VTB Capital

Yandex N.V. (NASDAQ:YNDX) was downgraded by VTB Capital from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other equities research analysts have also recently issued reports on YNDX. Zacks Investment Research cut Yandex N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 price objective (up from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. HSBC Holdings plc reiterated a “buy” rating and issued a $34.60 price objective (up from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Renaissance Capital reiterated a “sell” rating and issued a $24.30 price objective (up from $17.20) on shares of Yandex N.V. in a report on Friday, July 14th. Finally, Credit Suisse Group lifted their price objective on Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Yandex N.V. has an average rating of “Hold” and a consensus price target of $35.73.

Yandex N.V. (NASDAQ:YNDX) last posted its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Yandex N.V. had a return on equity of 14.48% and a net margin of 7.32%. The company had revenue of $404.00 million for the quarter. During the same quarter in the previous year, the firm posted $11.64 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis.

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Several institutional investors have recently modified their holdings of YNDX. Vanguard Group Inc. boosted its holdings in shares of Yandex N.V. by 128.3% during the 1st quarter. Vanguard Group Inc. now owns 338,656 shares of the information services provider’s stock worth $7,427,000 after purchasing an additional 190,344 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Yandex N.V. by 17.8% during the 1st quarter. Geode Capital Management LLC now owns 149,007 shares of the information services provider’s stock worth $3,267,000 after purchasing an additional 22,540 shares during the last quarter. UBS Group AG boosted its holdings in shares of Yandex N.V. by 25.7% during the 1st quarter. UBS Group AG now owns 113,351 shares of the information services provider’s stock worth $2,486,000 after purchasing an additional 23,204 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Yandex N.V. during the 1st quarter worth approximately $14,461,000. Finally, BlackRock Inc. boosted its holdings in shares of Yandex N.V. by 522.3% during the 1st quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock worth $209,503,000 after purchasing an additional 8,018,212 shares during the last quarter. Institutional investors and hedge funds own 62.79% of the company’s stock.

About Yandex N.V.

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.

Analyst Recommendations for Yandex N.V. (NASDAQ:YNDX)

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