Traders Buy Large Volume of Put Options on Youku Tudou Inc (YOKU)
Youku Tudou Inc (NASDAQ:YOKU) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 4,342 put options on the stock, Analyst Ratings.Net reports. This represents an increase of 146% compared to the average volume of 1,768 put options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Youku Tudou Inc from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Separately, analysts at Goldman Sachs cut their price target on shares of Youku Tudou Inc to $21.00 in a research note on Wednesday. Finally, analysts at Brean Capital cut their price target on shares of Youku Tudou Inc from $27.00 to $24.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Youku Tudou Inc currently has a consensus rating of “Hold” and an average price target of $25.33.
Shares of Youku Tudou Inc (NASDAQ:YOKU) traded down 9.29% during mid-day trading on Wednesday, hitting $19.52. 10,327,168 shares of the company’s stock traded hands. Youku Tudou Inc has a one year low of $17.77 and a one year high of $37.74. The stock has a 50-day moving average of $20.79 and a 200-day moving average of $24.3. The company’s market cap is $3.287 billion.
Youku Tudou Inc (NASDAQ:YOKU) last announced its earnings results on Tuesday, August 19th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.34) by $0.27. The company had revenue of $154.54 million for the quarter. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. On average, analysts predict that Youku Tudou Inc will post $-1.71 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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