Investors Purchase High Volume of Put Options on Yandex (NASDAQ:YNDX)

view original post

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

Yandex Price Performance

NASDAQ:YNDX opened at $18.94 on Friday. Yandex has a 52 week low of $14.11 and a 52 week high of $87.11. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of -20.81 and a beta of 1.33. The firm’s 50-day simple moving average is $18.94 and its 200 day simple moving average is $25.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.84.

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

Hedge Funds Weigh In On Yandex

Several hedge funds have recently bought and sold shares of YNDX. FNY Investment Advisers LLC bought a new position in Yandex in the 1st quarter valued at about $29,000. 1832 Asset Management L.P. increased 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 valued at $36,000 after buying an additional 4,290 shares during the period. Morgan Dempsey Capital Management LLC bought a new position in Yandex in the 1st quarter valued at about $38,000. UMB Bank N A MO bought a new position in Yandex in the 4th quarter valued at about $48,000. Finally, National Bank of Canada FI increased its holdings in Yandex by 161.9% in the 1st quarter. National Bank of Canada FI now owns 3,680 shares of the information services provider’s stock valued at $70,000 after buying an additional 2,275 shares during the period. 66.79% of the stock is owned by institutional investors.

About Yandex

(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.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Yandex Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Yandex and related companies with MarketBeat.com’s FREE daily email newsletter.