Stock Traders Buy High Volume of Put Options on Yandex (NASDAQ:YNDX)

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Yandex (NASDAQ:YNDXGet Rating) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 1,814 put options on the company. This represents an increase of approximately 1,437% compared to the average daily volume of 118 put options.

Shares of NASDAQ YNDX opened at $18.94 on Thursday. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of -20.81 and a beta of 1.41. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Yandex has a 1-year low of $14.11 and a 1-year high of $87.11. The stock’s 50-day moving average is $18.94 and its 200 day moving average is $34.72.

Yandex (NASDAQ:YNDXGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The information services provider reported ($0.26) earnings per share for the quarter. The firm had revenue of $1.26 billion for the quarter. Yandex had a negative net margin of 6.46% and a negative return on equity of 1.26%.

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on Yandex from $75.00 to $70.00 in a report on Thursday, February 17th. StockNews.com cut Yandex from a “hold” rating to a “sell” rating in a report on Monday, March 7th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Yandex currently has an average rating of “Buy” and an average target price of $83.25.

A number of institutional investors have recently made changes to their positions in the business. First Republic Investment Management Inc. increased its stake in Yandex by 2.1% in the 4th quarter. First Republic Investment Management Inc. now owns 16,506 shares of the information services provider’s stock worth $999,000 after purchasing an additional 339 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Yandex by 9.9% during the fourth quarter. 1832 Asset Management L.P. now owns 4,941 shares of the information services provider’s stock valued at $306,000 after buying an additional 444 shares during the period. Henry James International Management Inc. increased its stake in shares of Yandex by 2.1% during the fourth quarter. Henry James International Management Inc. now owns 21,803 shares of the information services provider’s stock valued at $1,319,000 after buying an additional 458 shares during the period. Eagle Global Advisors LLC increased its stake in shares of Yandex by 0.5% during the fourth quarter. Eagle Global Advisors LLC now owns 103,640 shares of the information services provider’s stock valued at $6,270,000 after buying an additional 565 shares during the period. Finally, TD Asset Management Inc. increased its stake in shares of Yandex by 1.2% during the fourth quarter. TD Asset Management Inc. now owns 48,696 shares of the information services provider’s stock valued at $2,946,000 after buying an additional 567 shares during the period. 66.79% of the stock is currently owned by institutional investors and hedge funds.

Yandex Company Profile (Get Rating)

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, Taxi, Yandex.Market, Media Services, Classifieds, and Other Business Units and Initiatives segments.

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