Yandex (NASDAQ:YNDX)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They currently have a $47.00 price target on the information services provider’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 30.96% from the stock’s current price.
A number of other equities analysts have also issued reports on the company. Deutsche Bank upped their target price on Yandex from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Yandex from a “hold” rating to a “sell” rating in a report on Friday, October 20th. BidaskClub upgraded Yandex from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. TheStreet downgraded Yandex from a “b-” rating to a “c” rating in a report on Tuesday, October 24th. Finally, VTB Capital downgraded Yandex from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.90.
Yandex (NASDAQ YNDX) opened at $35.89 on Thursday. Yandex has a 52-week low of $21.40 and a 52-week high of $39.67. The stock has a market capitalization of $11,690.00, a P/E ratio of 105.56, a price-to-earnings-growth ratio of 0.90 and a beta of 2.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in shares of Yandex in the 2nd quarter valued at approximately $1,658,000. Koch Industries Inc. bought a new stake in shares of Yandex in the 2nd quarter valued at approximately $331,000. Bank of New York Mellon Corp bought a new stake in shares of Yandex in the 3rd quarter valued at approximately $305,000. Eqis Capital Management Inc. grew its stake in Yandex by 18.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 27,913 shares of the information services provider’s stock worth $920,000 after buying an additional 4,261 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in Yandex by 34.3% during the 3rd quarter. Advisor Group Inc. now owns 29,738 shares of the information services provider’s stock worth $980,000 after buying an additional 7,602 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.
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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.
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