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

Yandex (NASDAQ:YNDX) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 1,814 put options on the company. This represents an increase of approximately 1,437% compared to the typical daily volume of 118 put options.

Hedge Funds Weigh In On Yandex

Institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its stake in shares of Yandex by 5.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,117 shares of the information services provider’s stock worth $150,000 after acquiring an additional 657 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Yandex by 11.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,984 shares of the information services provider’s stock worth $132,000 after purchasing an additional 718 shares during the period. Natixis Advisors L.P. grew its position in Yandex by 4.2% in the first quarter. Natixis Advisors L.P. now owns 18,429 shares of the information services provider’s stock valued at $349,000 after acquiring an additional 744 shares during the last quarter. Verition Fund Management LLC grew its position in Yandex by 16.2% in the first quarter. Verition Fund Management LLC now owns 11,893 shares of the information services provider’s stock valued at $225,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new position in Yandex in the first quarter valued at about $38,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Yandex Price Performance

Shares of NASDAQ YNDX opened at $18.94 on Thursday. The business has a fifty day moving average of $18.94 and a two-hundred day moving average of $18.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.83 and a current ratio of 0.89. Yandex has a 52-week low of $14.11 and a 52-week high of $87.11. The stock has a market cap of $6.85 billion, a PE ratio of 31.05 and a beta of 1.86.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported $0.34 earnings per share for the quarter. The firm had revenue of $2.78 billion during the quarter. Yandex had a return on equity of 8.59% and a net margin of 2.50%.

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.