Traders Purchase High Volume of Put Options on Youku Tudou Inc (YOKU)
Youku Tudou Inc (NASDAQ:YOKU) was the recipient of some unusual options trading on Wednesday. Stock investors bought 8,297 put options on the company, AnalystRatingsNetwork.com reports. This represents an increase of approximately 569% compared to the average volume of 1,240 put options.
YOKU has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Youku Tudou Inc from a “hold” rating to a “sell” rating in a research note on Thursday, June 12th. Separately, analysts at Goldman Sachs initiated coverage on shares of Youku Tudou Inc in a research note on Wednesday, June 4th. They set a “neutral” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Youku Tudou Inc in a research note on Tuesday, May 27th. They now have a $30.00 price target on the stock, down previously from $36.00. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.83.
Youku Tudou Inc (NASDAQ:YOKU) traded up 4.83% on Wednesday, hitting $21.26. The stock had a trading volume of 3,786,923 shares. Youku Tudou Inc has a one year low of $17.69 and a one year high of $37.74. The stock’s 50-day moving average is $20.72 and its 200-day moving average is $27.48. The company’s market cap is $3.580 billion.
Youku Tudou Inc (NASDAQ:YOKU) last announced its earnings results on Thursday, May 22nd. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.06. The company had revenue of $112.70 million for the quarter. During the same quarter last year, the company posted ($0.23) earnings per share. Youku Tudou Inc’s revenue was up 36.0% compared to the same quarter last year. On average, analysts predict that Youku Tudou Inc will post $-1.45 earnings per share for the current fiscal year.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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