Stock traders buy high volume of put options on Yandex (NASDAQ: YNDX)


Yandex Inc (NASDAQ:YNDX – Get Rating) saw unusually large options trades on Wednesday. Equity investors bought 1,814 put options on the company. This represents a 1,437% increase from the average volume of 118 put options.

A number of stock analysts have recently released reports on the company. StockNews.com upgraded Yandex from a “held” rating to a “sell” rating in a Monday, March 7 report. Citigroup reduced its target price on Yandex from $75.00 to $70.00 in a Thursday, February 17 report. One financial analyst gave the stock a sell rating and four gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $83.25.

Institutional investors have recently changed their positions in the company. UMB Bank NA MO bought a new equity stake in Yandex during Q4 for $48,000. National Bank of Canada FI bought a new equity stake in Yandex during Q4 for $85,000. FNY Investment Advisers LLC bought a new equity stake in Yandex during Q1 for $29,000. Morgan Dempsey Capital Management LLC bought a new equity stake in Yandex during Q1 for $38,000. Finally, MML Investors Services LLC purchased a new equity stake in Yandex during Q3 for $227,000. 66.79% of the shares are held by hedge funds and other institutional investors.

NASDAQ YNDX opened at $18.94 on Thursday. The company has a market capitalization of $6.71 billion, a P/E ratio of -20.81 and a beta of 1.41. The company has a fifty-day simple moving average of $18.94 and a 200-day simple moving average of $34.72. Yandex has a 12-month low of $14.11 and a 12-month high of $87.11. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt ratio of 0.06.

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

Yandex Company Profile (Get a rating)

Yandex NV, a technology company, creates smart 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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