Invesco Advisers, Inc. recently announced the acquisition of new stake in Yandex N.V. (NASDAQ:YNDX). The institutional investor has increased its shareholding in the Communication Services company by 14.68% to 22.76 million shares with purchase of 2.91 million shares. This fresh investment now brings its stake to 7.17% valued currently at $1.31 billion. In addition, Capital Research & Management Co.. raised its holdings by 3.58 million to 11.25 million shares. And Fidelity Management & Research Co.. has lifted its position by 16.02% or 1.32 million shares – to 9.56 million shares.
With over 19.71 million Yandex N.V. (YNDX) shares trading Monday and a closing price of $68.23 on the day, the dollar volume was approximately $1.35 billion. The shares have shown a positive weekly performance of 4.55% and its price on 08/31/20 gained nearly 4.57%. Currently, there are 328.04M common shares owned by the public and among those 304.61M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for YNDX have a consensus price objective of $4320.46. The analysts have set the share’s price value over the next 12 months at a high of $5669.48 and a low of $3084.44 should the stock experience a downside. Incidentally, analysts’ outlook for the Yandex N.V. stock is 2.00 for the next 12 months. The average price target is -20.53% below its last price level and a downside to the estimated low will see the stock gain 97.79% over that period. But an upside of 98.8% will see the stock hit the forecast high price target while mean target price for the stock is $4356.27.
The top 3 mutual fund holders in Yandex N.V. are Invesco Oppenheimer Developing Ma, American Funds Capital World Grow, and Stichting Pensioenfonds ABP (Glob. Invesco Oppenheimer Developing Ma owns 17.31 million shares of the company’s stock, all valued at over $996.08 million. The company bought an additional 2.82 million shares recently to bring their total holdings to about 5.45% of the shares outstanding. American Funds Capital World Grow bought 2.73 million shares to see its total holdings expand to 13.88 million shares valued at over $798.47 million and representing 4.41% of the shares outstanding. Stichting Pensioenfonds ABP (Glob bought 0.54 million shares to bring its total holdings to over 5.37 million shares at a value of $308.91 million. Stichting Pensioenfonds ABP (Glob now owns shares totaling to 1.69% of the shares outstanding.
Shares of Yandex N.V. (NASDAQ: YNDX) opened at $68.20, up $2.95 from a prior closing price of $65.25. However, the script later closed the day at $68.23, up 4.57%. The company’s stock has a 5-day price change of 4.55% and 66.25% over the past three months. YNDX shares are trading 56.89% year to date (YTD), with the 12-month market performance up to 83.91% higher. It has a 12-month low price of $27.93 and touched a high of $67.11 over the same period. Currently, 19.71 million shares have been traded, compared to an average intraday trading volume of 2.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.22%, 21.53%, and 54.15% respectively.
Institutional ownership of Yandex N.V. (NASDAQ: YNDX) shares accounts for 86.60% of the company’s 328.04M shares outstanding. Mutual fund holders own 35.55%, while other institutional holders and individual stakeholders account for 48.86% and — respectively.
It has a market capitalization of $23.64B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 212.55, while the earnings-per-share (ttm) stands at $0.32. The company has a PEG of 497.79 and a Quick Ratio of 6.70 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 2.21% over the month.
Analysts forecast that Yandex N.V. (YNDX) will achieve an EPS of $0.27 for the current quarter, $0.5 for the next quarter and $1.6 for 2021. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.42. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -72.10%, and 74.07% over the next financial year. EPS should grow at an annualized rate of 0.43% over the next five years, compared to -6.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Yandex N.V. (YNDX) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 7 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the YNDX, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on April 15, 2020, with the firm’s price target at. Morgan Stanley coverage for the Yandex N.V. (YNDX) stock in a research note released on February 18, 2020 offered a Equal-Weight rating with a price target of. Jefferies was of a view on November 21, 2018 that the stock is Buy, while BofA/Merrill gave the stock Buy rating on October 05, 2018, issuing a price target of $49- $47. Citigroup on their part issued Buy rating on March 29, 2018.