Yandex Target of Unusually High Options Trading (NASDAQ:YNDX)

[view original post]

Yandex (NASDAQ:YNDX) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 1,814 put options on the company. This is an increase of approximately 1,437% compared to the average daily volume of 118 put options.

A number of research firms have issued reports on YNDX. HSBC raised shares of Yandex from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $77.00 in a report on Thursday, December 16th. Citigroup cut their price objective on shares of Yandex from $90.00 to $75.00 in a report on Tuesday, January 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Yandex has an average rating of “Buy” and an average price target of $83.83.

Shares of Yandex stock opened at $50.57 on Thursday. The company has a 50 day moving average of $55.81 and a 200-day moving average of $69.03. Yandex has a 1-year low of $39.00 and a 1-year high of $87.11. The company has a current ratio of 1.98, a quick ratio of 1.91 and a debt-to-equity ratio of 0.36. The company has a market cap of $17.91 billion, a PE ratio of -129.66, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24.

Institutional investors have recently modified their holdings of the company. MARSHALL WACE ASIA Ltd bought a new stake in shares of Yandex during the 2nd quarter worth approximately $31,229,000. Arkadios Wealth Advisors lifted its holdings in shares of Yandex by 62.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,987 shares of the information services provider’s stock worth $158,000 after acquiring an additional 763 shares during the period. JustInvest LLC lifted its holdings in shares of Yandex by 28.9% during the 3rd quarter. JustInvest LLC now owns 7,857 shares of the information services provider’s stock worth $626,000 after acquiring an additional 1,760 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Yandex by 41.9% during the 2nd quarter. Squarepoint Ops LLC now owns 25,565 shares of the information services provider’s stock worth $1,809,000 after acquiring an additional 7,545 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in shares of Yandex by 82.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,180,886 shares of the information services provider’s stock worth $154,298,000 after acquiring an additional 987,078 shares during the period. 67.02% of the stock is owned by institutional investors.

Yandex Company Profile

Yandex NV engages in the provision of search engines and online services. It operates through the following segments: Search and Portal; Yandex Market; Taxi; Media Services; Classifieds; and Other Bets and Experiments. The Search and Portal segment includes all the services offered in Russia, Belarus, and Kazakhstan.

Read More

Want More Great Investing Ideas?