Uber to merge with Russia's Yandex in a $3.7bn deal

  • Uber to merge with Russia's Yandex in a $3.7bn deal

Uber to merge with Russia's Yandex in a $3.7bn deal

During its last trading session, Stock traded with the total exchanged volume of 0.94 million shares.

"With this deal Yandex eliminates an aggressive competitor which, in the long run, will lead to improved monetisation and profitability", said Sergey Libin, an analyst with Raiffeisen Bank in Moscow. They now have a United States dollars 17 price target on the stock. BlackRock Inc. boosted its position in Yandex N.V.by 522.3% in the first quarter. Handelsbanken Fonder AB now owns 432,000 shares of the information services provider's stock worth $11,336,000 after buying an additional 305,000 shares in the last quarter.

The company is trading down since yesterday's close of $31.68. Rex Capital Advisors Llc who had been investing in Yandex N Vshs Class A for a number of months, seems to be less bullish one the $10.73 billion market cap company. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. The stock closing price is now trading upward to its 50 day moving average with change of 17.08%, escalated to its 20 day moving average with figure of 19.44% and above its 200 day moving average with value 38.18%.

04/07/2017 - Yandex N.V. was downgraded to " by analysts at Standpoint Research. (NASDAQ:YNDX) last released its earnings results on Thursday, April 27th.

Yandex N.V. has a consensus outperform rating from 17 Wall Street analysts, and the number of shares now sold short amount to at least 0.59% of shares outstanding. Yandex N.V. The company had revenue of $20.65 billion during the quarter. Last year, Uber exited #china after failing to make a dent in the market and this development comes as a blow to the company's global aspirations. During the same period previous year, the firm earned $9.81 earnings per share. During the same quarter in the prior year, the firm posted $9.81 EPS. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and worldwide copyright laws. The legal version of this piece can be accessed at https://www.baseball-news-blog.com/2017/07/15/zacks-investment-research-lowers-yandex-n-v-nasdaqyndx-to-hold-updated.html. The average numbers of shares are traded in a security per day, during the recent 3-month period.

04/04/2017 - Yandex N.V. had its " rating reiterated by analysts at Goldman Sachs.

07/18/2016 - HSBC began new coverage on Yandex N.V. giving the company a " rating. The rating was downgraded by Citigroup on Friday, May 6 to "Neutral".

News coverage about Yandex N.V. (NASDAQ:YNDX) has been trending somewhat positive recently, Accern Sentiment Analysis reports.

September 8 investment analysts at JP Morgan kept the company rating at "Overweight" but raised the price expectation from $24.00 to $30.00. The firm has "Buy" rating by Citigroup given on Monday, March 14.

In Internet Information Providers Industry, Yandex N.V. (YNDX) have 319.75 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The Company's divisions include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses.