Traders Buy Large Volume of Put Options on Yandex (NASDAQ:YNDX)

Yandex (NASDAQ:YNDX) was the target of unusually large options trading on Wednesday. Traders acquired 1,814 put options on the company. This is an increase of 1,437% compared to the average volume of 118 put options.

Yandex Price Performance

YNDX stock opened at $18.94 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.85 billion, a PE ratio of 31.05 and a beta of 1.86. Yandex has a 1-year low of $14.11 and a 1-year high of $87.11. The business’s 50 day simple moving average is $18.94 and its 200 day simple moving average is $18.94.

Yandex (NASDAQ:YNDX) last posted its earnings results on Thursday, February 15th. The information services provider reported $0.34 earnings per share for the quarter. Yandex had a return on equity of 12.30% and a net margin of 3.20%. The business had revenue of $2.78 billion for the quarter.

Institutional Trading of Yandex

Several large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Yandex during the 1st quarter worth $522,000. International Assets Investment Management LLC bought a new stake in shares of Yandex during the 1st quarter worth $190,000. Fisher Asset Management LLC bought a new stake in shares of Yandex during the 4th quarter worth $78,299,000. Mubadala Investment Co PJSC bought a new stake in shares of Yandex during the 4th quarter worth $9,347,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Yandex by 1.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,609,877 shares of the information services provider’s stock worth $49,431,000 after buying an additional 39,345 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

About Yandex

Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company operates through Search and Portal, Ride-Hailing, Yandex Drive, FoodTech, Yandex Delivery, Yandex Market, Media Services, Classifieds, and Other Business Units and Initiatives segments.