Published On: Thu, Sep 8th, 2016

Yandex NV (YNDX) Price Target Raised to $30.00 at JPMorgan Chase & Co.

Yandex NV (NASDAQ:YNDX) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $26.00 to $30.00 in a report released on Thursday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 36.30% from the stock’s previous close.
YNDX has been the topic of several other reports. TheStreet upgraded Yandex NV from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Pacific Crest reiterated a “buy” rating on shares of Yandex NV in a research report on Friday, July 29th. Vetr lowered Yandex NV from a “buy” rating to a “hold” rating and set a $22.98 price objective on the stock. in a research report on Thursday, July 28th. Zacks Investment Research upgraded Yandex NV from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Saturday, June 18th. Finally, HSBC initiated coverage on Yandex NV in a research report on Monday, July 18th. They set a “buy” rating and a $26.70 price objective on the stock. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Yandex NV presently has an average rating of “Buy” and an average target price of $20.90.
Shares of Yandex NV (NASDAQ:YNDX) traded down 0.59% during midday trading on Thursday, reaching $21.88. The company’s stock had a trading volume of 2,240,864 shares. The company’s 50-day moving average price is $22.07 and its 200 day moving average price is $19.27. Yandex NV has a 12-month low of $10.30 and a 12-month high of $23.87. The company has a market capitalization of $7.02 billion, a P/E ratio of 21.54 and a beta of 3.12.

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Yandex NV (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by $0.05. During the same quarter in the previous year, the business earned $8.63 EPS. The firm earned $18.04 billion during the quarter, compared to analysts’ expectations of $17.61 billion. The company’s revenue was up 29.6% on a year-over-year basis. On average, equities research analysts forecast that Yandex NV will post $0.69 earnings per share for the current year.
Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Glovista Investments LLC boosted its position in Yandex NV by 173.9% in the first quarter. Glovista Investments LLC now owns 191,430 shares of the company’s stock worth $2,933,000 after buying an additional 121,541 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Yandex NV by 220.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 91,150 shares of the company’s stock worth $1,396,000 after buying an additional 62,700 shares during the last quarter. State Street Corp boosted its position in Yandex NV by 1.5% in the first quarter. State Street Corp now owns 261,021 shares of the company’s stock worth $3,997,000 after buying an additional 3,942 shares during the last quarter. BB&T Securities LLC purchased a new position in Yandex NV during the first quarter worth approximately $190,000. Finally, Wexford Capital LP purchased a new position in Yandex NV during the first quarter worth approximately $3,631,000. Institutional investors own 63.46% of the company’s stock.
Yandex NV Company Profile
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, 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; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.

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