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

Yandex (NASDAQ:YNDX) was the target of some unusual options trading activity on Wednesday. Traders acquired 1,814 put options on the stock. This is an increase of approximately 1,437% compared to the typical volume of 118 put options.

Yandex Stock Performance

Yandex stock opened at $18.94 on Thursday. The firm has a 50 day simple moving average of $18.94 and a 200-day simple moving average of $18.94. Yandex has a 1-year low of $14.11 and a 1-year high of $87.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.83. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 23.10 and a beta of 1.88.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Thursday, February 15th. The information services provider reported $0.34 earnings per share for the quarter. Yandex had a net margin of 3.20% and a return on equity of 5.96%. The business had revenue of $2.78 billion during the quarter.

Hedge Funds Weigh In On Yandex

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new position in shares of Yandex during the 1st quarter worth approximately $1,317,000. TLS Advisors LLC purchased a new position in shares of Yandex during the 1st quarter worth approximately $337,000. SG Americas Securities LLC boosted its position in shares of Yandex by 2.6% during the 1st quarter. SG Americas Securities LLC now owns 59,955 shares of the information services provider’s stock worth $1,136,000 after purchasing an additional 1,515 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Yandex during the 1st quarter worth approximately $522,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Yandex during the 1st quarter worth approximately $190,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.