Yandex Sees Unusually High Options Volume (NASDAQ:YNDX)

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in 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 acquiring an additional 718 shares in the last quarter. Principal Securities Inc. purchased a new position in Yandex in the fourth quarter worth about $151,000. International Assets Investment Management LLC purchased a new position in Yandex in the first quarter worth about $190,000. Shah Capital Management purchased a new position in Yandex in the fourth quarter worth about $322,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Yandex in the first quarter worth about $522,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Yandex Price Performance

Shares of Yandex stock opened at $18.94 on Thursday. Yandex has a one year low of $14.11 and a one year high of $87.11. The stock’s fifty day moving average is $18.94 and its 200 day moving average is $18.94. The stock has a market cap of $6.85 billion, a P/E ratio of 31.05 and a beta of 1.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.83 and a current ratio of 0.86.

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

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.