Qihoo 360 Technology Target of Unusually Large Options Trading (QIHU)
Shares of Qihoo 360 Technology (NASDAQ:QIHU) was the target of some unusual options trading on Tuesday. Investors purchased 7,289 put options on the stock, Analyst RN reports. This represents an increase of 107% compared to the typical volume of 3,518 put options.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Qihoo 360 Technology from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 2nd. Separately, analysts at Credit Suisse initiated coverage on shares of Qihoo 360 Technology in a research note to investors on Thursday, September 26th. They set a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Qihoo 360 Technology in a research note to investors on Tuesday, September 17th. They now have a $94.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Qihoo 360 Technology has an average rating of “Buy” and an average target price of $75.07.
Shares of Qihoo 360 Technology (NASDAQ:QIHU) traded up 2.97% during mid-day trading on Tuesday, hitting $85.54. 3,795,763 shares of the company’s stock traded hands. Qihoo 360 Technology has a 52-week low of $20.01 and a 52-week high of $94.90. The stock’s 50-day moving average is $84.21 and its 200-day moving average is $56.45. The company has a market cap of $10.208 billion and a P/E ratio of 167.14.
Qihoo 360 Technology (NASDAQ:QIHU) last released its earnings data on Monday, August 26th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.14. The company had revenue of $151.70 million for the quarter, compared to the consensus estimate of $144.19 million. During the same quarter last year, the company posted $0.17 earnings per share. Qihoo 360 Technology’s revenue was up 108.4% compared to the same quarter last year. Analysts expect that Qihoo 360 Technology will post $1.29 EPS for the current fiscal year.
Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.
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