Yandex N.V. Buyback
OLI recorded this information on 11/18/2019
Company:
Yandex N.V.
Buyback:
YNDX buyback
$Amount Authorized:
$300,000,000
Buyback Details:
Yandex N.V. (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search provider in Russia, today announces that its Board of Directors has authorized a repurchase of up to $300 million worth of Class A shares of Yandex N.V. Such shares may be repurchased from time to time in open market transactions. The timing and amount of share repurchases will depend on a variety of factors, including market conditions. Yandex intends to make all repurchases in compliance with applicable regulatory guidelines and to administer the program in accordance with applicable laws, including Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase program will be in effect for up to twelve months.
Yandex is a holding company. Through its subsidiaries, Co. is a technology company. Co.'s segments include: Search and Portal, which includes Search, Mail 360, Weather, News, Uslugi, Travel, Alice voice assistant and number of other services provided in Russia, Belarus and Kazakhstan, as well as its Devices business (Internet of Things); Yandex.Market, which includes its price comparison service, e-commerce marketplace and several small experiments; Media Services, which include its subscription service Yandex Plus, Yandex Music, KinoPoisk, Yandex.Afisha and its production center Yandex.Studio; and Classifieds, which include Auto.ru, Yandex.Realty, Yandex.Jobs, and Yandex Classifieds.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 66th percentile
(ranked higher than approx. 66% of all stocks covered)
Analysts' Target Price: YNDX Stock Forecast Based on Zacks ABR data; powered by Xignite |
