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

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

Yandex Price Performance

NASDAQ YNDX opened at $18.94 on Thursday. Yandex has a 52 week low of $14.11 and a 52 week high of $87.11. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.26. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 31.05 and a beta of 1.86. The company has a 50-day moving average price of $18.94 and a two-hundred day moving average price of $18.94.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group boosted its holdings in shares of Yandex by 3.6% in the third quarter. Schroder Investment Management Group now owns 6,827,261 shares of the information services provider’s stock valued at $129,308,000 after acquiring an additional 235,216 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Yandex by 48.7% in the third quarter. Envestnet Asset Management Inc. now owns 171,259 shares of the information services provider’s stock valued at $3,244,000 after acquiring an additional 56,077 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 valued at $132,000 after acquiring an additional 718 shares in the last quarter. NS Partners Ltd bought a new position in shares of Yandex in the third quarter valued at approximately $633,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Yandex by 86.8% in the first quarter. 1832 Asset Management L.P. now owns 9,231 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 4,290 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Yandex Company Profile

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.