Traders Purchase Large Volume of Call Options on Yandex N.V. (YNDX)
Yandex N.V. (NASDAQ:YNDX) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 9,987 call options on the company. This is an increase of 248% compared to the average volume of 2,869 call options.
Yandex N.V. (NASDAQ YNDX) opened at 33.01 on Friday. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $33.19. The stock has a 50 day moving average price of $30.32 and a 200 day moving average price of $26.71. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 41.84 and a beta of 2.84.
Yandex N.V. (NASDAQ:YNDX) last issued its earnings results on Friday, July 28th. The information services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The firm had revenue of $374.10 million during the quarter. During the same quarter in the prior year, the business earned $12.05 EPS. Yandex N.V.’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts predict that Yandex N.V. will post $0.79 EPS for the current year.
A number of brokerages have issued reports on YNDX. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $37.20 price target on shares of Yandex N.V. in a research note on Tuesday. Credit Suisse Group raised their price target on Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Deutsche Bank AG reissued a “buy” rating and issued a $38.00 price target (up from $35.00) on shares of Yandex N.V. in a research note on Friday, July 14th. HSBC Holdings plc reissued a “buy” rating and issued a $34.60 price target (up from $33.40) on shares of Yandex N.V. in a research note on Friday, July 14th. Finally, Renaissance Capital reissued a “sell” rating and issued a $24.30 price target (up from $17.20) on shares of Yandex N.V. in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.91.
Hedge funds and other institutional investors have recently modified their holdings of the business. Shine Investment Advisory Services Inc. purchased a new position in Yandex N.V. in the second quarter valued at about $110,000. Parallel Advisors LLC grew its stake in Yandex N.V. by 13.6% in the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after purchasing an additional 472 shares in the last quarter. Invictus RG purchased a new position in Yandex N.V. in the first quarter valued at about $166,000. Nine Chapters Capital Management LLC purchased a new position in Yandex N.V. in the first quarter valued at about $202,000. Finally, QCM Cayman Ltd. purchased a new position in Yandex N.V. in the second quarter valued at about $206,000. Hedge funds and other institutional investors own 67.56% of the company’s stock.
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About Yandex N.V.
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.
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