Yandex (NASDAQ:YNDX) Upgraded to Buy at VTB Capital
VTB Capital upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a buy rating in a report released on Tuesday, The Fly reports.
A number of other brokerages have also weighed in on YNDX. Zacks Investment Research upgraded Yandex from a sell rating to a hold rating in a research note on Saturday, April 13th. ValuEngine upgraded Yandex from a hold rating to a buy rating in a research note on Saturday, April 13th. Renaissance Capital upgraded Yandex from a hold rating to a buy rating in a research note on Tuesday. HSBC set a $44.00 price objective on Yandex and gave the company a buy rating in a research note on Tuesday, April 23rd. Finally, BidaskClub lowered Yandex from a strong-buy rating to a buy rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Yandex presently has a consensus rating of Buy and a consensus price target of $43.40.
Shares of NASDAQ YNDX opened at $38.32 on Tuesday. Yandex has a fifty-two week low of $24.90 and a fifty-two week high of $39.70. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.05. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 40.34 and a beta of 2.03.
Institutional investors and hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. grew its position in shares of Yandex by 44.0% in the 1st quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock worth $33,000 after acquiring an additional 297 shares in the last quarter. Enlightenment Research LLC acquired a new position in shares of Yandex in the 4th quarter worth approximately $30,000. FNY Investment Advisers LLC acquired a new position in shares of Yandex in the 1st quarter worth approximately $103,000. One Wealth Advisors LLC acquired a new position in shares of Yandex in the 1st quarter worth approximately $114,000. Finally, YorkBridge Wealth Partners LLC acquired a new position in shares of Yandex in the 4th quarter worth approximately $126,000. Institutional investors own 66.18% of the company’s stock.
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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