According to Zacks, “Yandex continues to benefit from its increasing online advertising revenues on the back of robust Yandex properties. Further, its solid momentum across Russian search market remained the key growth driver. Its increasing desktop and mobile search shares are boosting its search revenues. Additionally, the company’s strong performing Taxi, Classifieds and Experiments segments are positives. Moreover, increasing number of rides will continue to aid growth in Taxi segment. Also, robust Yandex.Drive and cloud platform remain major positives. However, mounting investments across all the segments pose a serious threat to its profitability. Moreover, deconsolidation of Yandex.Market remains an overhang. Notably, the stock has outperformed the industry it belongs to over a year.”
YNDX has been the subject of a number of other research reports. BidaskClub raised Yandex from a buy rating to a strong-buy rating in a research report on Tuesday, December 25th. Bank of America set a $47.00 price target on Yandex and gave the company a buy rating in a research report on Tuesday, March 19th. UBS Group set a $45.00 price target on Yandex and gave the company a buy rating in a research report on Tuesday, April 2nd. ValuEngine raised Yandex from a hold rating to a buy rating in a research report on Saturday. Finally, Deutsche Bank boosted their price target on Yandex from $41.00 to $44.00 and gave the company a buy rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $43.40.
YNDX stock opened at $39.00 on Friday. Yandex has a 12-month low of $24.90 and a 12-month high of $39.70. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 41.05 and a beta of 2.18.
Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Friday, February 15th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). Yandex had a net margin of 37.60% and a return on equity of 11.41%. The firm had revenue of $38.84 billion for the quarter, compared to analysts’ expectations of $37.45 billion. During the same period last year, the firm posted $15.85 EPS. Yandex’s revenue was up 39.4% on a year-over-year basis. As a group, equities research analysts forecast that Yandex will post 1.38 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Yandex by 17.9% in the third quarter. BlackRock Inc. now owns 7,263,914 shares of the information services provider’s stock worth $238,911,000 after buying an additional 1,102,214 shares during the period. Genesis Asset Managers LLP boosted its position in shares of Yandex by 72.5% in the fourth quarter. Genesis Asset Managers LLP now owns 6,112,390 shares of the information services provider’s stock worth $167,174,000 after buying an additional 2,569,053 shares during the period. Hound Partners LLC boosted its position in shares of Yandex by 316.7% in the fourth quarter. Hound Partners LLC now owns 4,164,816 shares of the information services provider’s stock worth $113,908,000 after buying an additional 3,165,321 shares during the period. American Century Companies Inc. boosted its position in shares of Yandex by 17.8% in the fourth quarter. American Century Companies Inc. now owns 3,600,711 shares of the information services provider’s stock worth $98,479,000 after buying an additional 544,701 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in shares of Yandex in the fourth quarter worth about $95,828,000. 64.91% of the stock is owned by institutional investors.
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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