Investors Buy Large Volume of Put Options on Yandex (NASDAQ:YNDX)

Yandex (NASDAQ:YNDXGet Rating) was the target of unusually large options trading activity on Wednesday. Stock investors bought 1,814 put options on the company. This represents an increase of 1,437% compared to the typical daily volume of 118 put options.

A number of brokerages have commented on YNDX. Citigroup dropped their target price on shares of Yandex from $75.00 to $70.00 in a research note on Thursday, February 17th. StockNews.com cut shares of Yandex from a “hold” rating to a “sell” rating in a research report on Monday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $83.40.

Shares of YNDX opened at $18.94 on Thursday. The company has a 50 day moving average price of $23.71 and a 200-day moving average price of $51.45. Yandex has a fifty-two week low of $14.11 and a fifty-two week high of $87.11. The stock has a market capitalization of $6.71 billion, a PE ratio of -32.66 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.71 and a current ratio of 1.80.

Yandex (NASDAQ:YNDXGet Rating) last announced its quarterly earnings results on Tuesday, February 15th. The information services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). Yandex had a positive return on equity of 1.80% and a negative net margin of 4.40%. The business had revenue of $1.49 billion during the quarter.

Large investors have recently bought and sold shares of the stock. Whittier Trust Co. lifted its position in Yandex by 154.3% during the third quarter. Whittier Trust Co. now owns 412 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 250 shares during the last quarter. Huntington National Bank lifted its position in Yandex by 48.7% during the third quarter. Huntington National Bank now owns 501 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 164 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Yandex during the third quarter valued at approximately $52,000. UMB Bank N A MO purchased a new stake in Yandex during the fourth quarter valued at approximately $48,000. Finally, National Bank of Canada FI purchased a new stake in Yandex during the fourth quarter valued at approximately $85,000. 66.89% of the stock is owned by institutional investors.

Yandex Company Profile (Get Rating)

Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies, focusing on to help consumers and businesses navigate the online and offline world. The company operates through Search and Portal, Taxi, Yandex.Market, Media Services, Classifieds, and Other Bets and Experiments segments.

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