Qiwi Target of Unusually High Options Trading (QIWI)

Qiwi PLC (NASDAQ:QIWI) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 3,489 call options on the stock. This is an increase of 781% compared to the typical daily volume of 396 call options.

QIWI has been the topic of several analyst reports. Zacks Investment Research raised shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine raised shares of Qiwi from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Finally, BidaskClub raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $22.67.

Qiwi (QIWI) opened at $17.13 on Friday. Qiwi has a 1-year low of $11.60 and a 1-year high of $26.55. The stock has a market cap of $1,040.00, a price-to-earnings ratio of 23.79 and a beta of 3.23.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Qiwi by 240.4% during the third quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock valued at $6,470,000 after buying an additional 276,068 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Qiwi by 1.2% during the second quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock valued at $8,122,000 after buying an additional 3,823 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Qiwi during the third quarter valued at $4,208,000. River & Mercantile Asset Management LLP grew its holdings in shares of Qiwi by 19.6% during the third quarter. River & Mercantile Asset Management LLP now owns 195,567 shares of the credit services provider’s stock valued at $3,312,000 after buying an additional 32,000 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Qiwi during the third quarter valued at $2,719,000. 17.49% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Qiwi Target of Unusually High Options Trading (QIWI)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/06/qiwi-target-of-unusually-high-options-trading-qiwi.html.

Qiwi Company Profile

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

Receive News & Ratings for Qiwi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply