Traders Purchase Large Volume of Yandex Put Options (NASDAQ:YNDX)

Yandex (NASDAQ:YNDXGet Free Report) was the recipient of some unusual options trading on Wednesday. Investors purchased 1,814 put options on the stock. This represents an increase of approximately 1,437% compared to the typical daily volume of 118 put options.

Yandex Stock Performance

Shares of NASDAQ YNDX opened at $18.94 on Thursday. The stock’s 50 day moving average price is $18.94 and its two-hundred day moving average price is $18.94. Yandex has a 52-week low of $14.11 and a 52-week high of $87.11. The stock has a market capitalization of $6.85 billion, a P/E ratio of 31.05 and a beta of 1.86. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Yandex (NASDAQ:YNDXGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The information services provider reported $0.34 earnings per share for the quarter. The business had revenue of $2.78 billion for the quarter. Yandex had a return on equity of 8.59% and a net margin of 2.50%.

Institutional Trading of Yandex

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Yandex during the 1st quarter worth approximately $38,000. PNC Financial Services Group Inc. grew its holdings in Yandex by 49.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,024 shares of the information services provider’s stock worth $75,000 after buying an additional 1,659 shares in the last quarter. Principal Securities Inc. bought a new position in Yandex in the 4th quarter worth approximately $151,000. 1832 Asset Management L.P. grew its holdings in Yandex by 86.8% in the 1st quarter. 1832 Asset Management L.P. now owns 9,231 shares of the information services provider’s stock worth $36,000 after buying an additional 4,290 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Yandex during the 1st quarter valued at $393,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

About Yandex

(Get Free Report)

Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company operates through Search and Portal, Ride-Hailing, Yandex Drive, FoodTech, Yandex Delivery, Yandex Market, Media Services, Classifieds, and Other Business Units and Initiatives segments.

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