Zacks Investment Research upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $47.00 price target on the information services provider’s stock.

According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “

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YNDX has been the subject of several other research reports. Deutsche Bank upped their price target on shares of Yandex to $50.00 and gave the stock a buy rating in a research report on Tuesday, January 16th. TheStreet upgraded shares of Yandex from a c rating to a b+ rating in a research report on Thursday, February 15th. BidaskClub lowered shares of Yandex from a hold rating to a sell rating in a research report on Wednesday, December 6th. Bank of America upped their price target on shares of Yandex from $38.00 to $45.00 and gave the stock a buy rating in a research report on Monday, November 27th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a $47.00 price target on shares of Yandex in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $39.90.

Shares of YNDX stock opened at $43.03 on Wednesday. The firm has a market cap of $13,959.28, a price-to-earnings ratio of 57.81, a price-to-earnings-growth ratio of 1.00 and a beta of 2.65. Yandex has a twelve month low of $21.40 and a twelve month high of $44.49. The company has a current ratio of 2.28, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22.

Yandex (NASDAQ:YNDX) last issued its earnings results on Thursday, February 15th. The information services provider reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The company had revenue of $483.70 million for the quarter. Yandex had a net margin of 9.32% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the company posted $9.94 earnings per share. sell-side analysts anticipate that Yandex will post 1.23 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. BB&T Securities LLC grew its position in Yandex by 5.8% in the 4th quarter. BB&T Securities LLC now owns 31,272 shares of the information services provider’s stock valued at $1,024,000 after buying an additional 1,707 shares in the last quarter. Comerica Bank grew its position in Yandex by 24.1% in the 4th quarter. Comerica Bank now owns 10,080 shares of the information services provider’s stock valued at $382,000 after buying an additional 1,955 shares in the last quarter. Stifel Financial Corp grew its position in Yandex by 3.6% in the 3rd quarter. Stifel Financial Corp now owns 63,457 shares of the information services provider’s stock valued at $2,093,000 after buying an additional 2,184 shares in the last quarter. Bank of New York Mellon Corp grew its position in Yandex by 25.9% in the 4th quarter. Bank of New York Mellon Corp now owns 11,640 shares of the information services provider’s stock valued at $381,000 after buying an additional 2,392 shares in the last quarter. Finally, M&T Bank Corp grew its position in Yandex by 2.2% in the 4th quarter. M&T Bank Corp now owns 128,970 shares of the information services provider’s stock valued at $4,224,000 after buying an additional 2,725 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

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Yandex Company Profile

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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