HSBC set a $44.00 target price on Yandex (NASDAQ:YNDX) in a report published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the information services provider’s stock.

A number of other equities research analysts also recently weighed in on YNDX. BidaskClub raised shares of Yandex from a buy rating to a strong-buy rating in a research note on Tuesday, December 25th. Zacks Investment Research downgraded shares of Yandex from a hold rating to a sell rating in a research note on Monday, January 7th. Deutsche Bank raised their target price on shares of Yandex from $41.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, March 6th. Bank of America set a $47.00 target price on shares of Yandex and gave the company a buy rating in a research note on Tuesday, March 19th. Finally, UBS Group set a $45.00 target price on shares of Yandex and gave the company a buy rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $43.50.

Shares of Yandex stock opened at $37.81 on Tuesday. Yandex has a 12-month low of $24.90 and a 12-month high of $39.70. The stock has a market capitalization of $12.41 billion, a PE ratio of 39.80 and a beta of 2.18.

Yandex (NASDAQ:YNDX) last announced its earnings results on Friday, February 15th. The information services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $38.84 billion during the quarter, compared to analysts’ expectations of $37.45 billion. Yandex had a net margin of 37.60% and a return on equity of 11.41%. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business earned $15.85 earnings per share. As a group, research analysts predict that Yandex will post 1.35 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in YNDX. Confluence Investment Management LLC grew its position in Yandex by 2.6% during the first quarter. Confluence Investment Management LLC now owns 10,755 shares of the information services provider’s stock valued at $369,000 after acquiring an additional 270 shares during the last quarter. Howland Capital Management LLC grew its position in Yandex by 0.3% during the fourth quarter. Howland Capital Management LLC now owns 256,500 shares of the information services provider’s stock valued at $7,015,000 after acquiring an additional 700 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Yandex by 5.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 18,840 shares of the information services provider’s stock valued at $515,000 after acquiring an additional 1,040 shares during the last quarter. Enlightenment Research LLC bought a new position in Yandex during the fourth quarter valued at approximately $30,000. Finally, Henry James International Management Inc. grew its position in Yandex by 13.7% during the fourth quarter. Henry James International Management Inc. now owns 10,292 shares of the information services provider’s stock valued at $281,000 after acquiring an additional 1,242 shares during the last quarter. 64.91% of the stock is currently owned by institutional investors and hedge funds.

Yandex Company Profile

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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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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