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

Posted by on Jul 13th, 2023

Yandex (NASDAQ:YNDX – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 1,814 put options on the company. This represents an increase of 1,437% compared to the average volume of 118 put options.

Yandex Stock Performance

Shares of YNDX stock opened at $18.94 on Thursday. The stock’s 50-day moving average price is $18.94 and its 200-day moving average price is $18.94. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. Yandex has a 12-month low of $14.11 and a 12-month high of $87.11. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 7.12 and a beta of 1.31.

Yandex (NASDAQ:YNDX – Get Free Report) last announced its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 billion during the quarter. Yandex had a return on equity of 6.45% and a net margin of 10.91%.

Institutional Investors Weigh In On Yandex

Hedge funds have recently modified their holdings of the company. Vontobel Holding Ltd. boosted its position in shares of Yandex by 40.5% during the 1st quarter. Vontobel Holding Ltd. now owns 63,789 shares of the information services provider’s stock worth $1,208,000 after purchasing an additional 18,398 shares during the period. JPMorgan Chase & Co. raised its stake in Yandex by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,517,098 shares of the information services provider’s stock worth $28,735,000 after acquiring an additional 17,088 shares in the last quarter. International Assets Investment Management LLC raised its stake in Yandex by 7.6% during the 4th quarter. International Assets Investment Management LLC now owns 10,761 shares of the information services provider’s stock worth $284,000 after acquiring an additional 761 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in Yandex by 93.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,424 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 687 shares during the period. Finally, PDT Partners LLC acquired a new position in Yandex in the first quarter valued at $193,000. 45.57% of the stock is owned by hedge funds and other institutional investors.

About Yandex

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.