Yandex NV (NASDAQ:YNDX) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 2,273,542 shares, an increase of 30.4% from the February 15th total of 1,743,947 shares. Based on an average trading volume of 3,447,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the company’s stock are short sold.
Several hedge funds and other institutional investors have recently made changes to their positions in YNDX. OppenheimerFunds Inc. bought a new stake in shares of Yandex in the 4th quarter valued at approximately $167,376,000. Harding Loevner LP boosted its position in Yandex by 45.2% during the third quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock worth $124,012,000 after purchasing an additional 1,752,160 shares during the period. Genesis Asset Managers LLP bought a new stake in Yandex during the fourth quarter worth approximately $38,012,000. Barings LLC bought a new stake in Yandex during the fourth quarter worth approximately $36,688,000. Finally, WCM Investment Management CA boosted its position in Yandex by 6.5% during the fourth quarter. WCM Investment Management CA now owns 16,745,927 shares of the information services provider’s stock worth $548,429,000 after purchasing an additional 1,020,532 shares during the period. 67.90% of the stock is owned by institutional investors and hedge funds.
Shares of Yandex (NASDAQ:YNDX) opened at $42.98 on Tuesday. The company has a market capitalization of $14,000.00, a P/E ratio of 91.45, a P/E/G ratio of 1.06 and a beta of 2.65. Yandex has a 12 month low of $21.40 and a 12 month high of $44.49. The company has a quick ratio of 4.47, a current ratio of 2.28 and a debt-to-equity ratio of 0.22.
Several equities analysts have weighed in on the company. TheStreet raised Yandex from a “c” rating to a “b+” rating in a research note on Thursday, February 15th. ValuEngine raised Yandex from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $47.00 target price on shares of Yandex in a research note on Thursday, February 8th. BidaskClub raised Yandex from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research cut Yandex from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.90.
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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