Could Yandex NV See a Reversal After Today’s Strong Options Activity?

 Could Yandex NV See a Reversal After Today's Strong Options Activity?

In today’s session Yandex NV (YNDX) registered an unusually high (1,351) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious YNDX increase. With 1,351 contracts traded and 14054 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: YNDX161118C00019000 closed last at: $0.35 or 50% down. About 1.36M shares traded hands. Yandex NV (NASDAQ:YNDX) has risen 6.33% since April 13, 2016 and is uptrending. It has outperformed by 2.40% the S&P500.

Yandex NV (NASDAQ:YNDX) Ratings Coverage

Out of 6 analysts covering Yandex N.V. (NASDAQ:YNDX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $25 is the highest target while $14.20 is the lowest. The $17.53 average target is -2.45% below today’s ($17.97) stock price. Yandex N.V. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. HSBC initiated the stock with “Buy” rating in Monday, July 18 report. Deutsche Bank maintained Yandex NV (NASDAQ:YNDX) rating on Friday, July 31. Deutsche Bank has “Buy” rating and $20 price target. Citigroup downgraded the shares of YNDX in a report on Friday, May 6 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, October 6 by Deutsche Bank. The rating was upgraded by Goldman Sachs on Wednesday, September 16 to “Neutral”. The company was downgraded on Friday, September 11 by Citigroup. The stock of Yandex NV (NASDAQ:YNDX) earned “Buy” rating by Citigroup on Monday, March 14. The firm has “Overweight” rating given on Tuesday, November 17 by Morgan Stanley. The stock of Yandex NV (NASDAQ:YNDX) has “Buy” rating given on Monday, October 12 by Raiffeisen. Zacks downgraded the stock to “Hold” rating in Tuesday, August 4 report.

According to Zacks Investment Research, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation.”

Yandex N.V. is an Internet and technology company, and operates an Internet search engine. The company has a market cap of $5.48 billion. The Company’ s divisions include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach clients seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus. It has a 45.93 P/E ratio.

YNDX Company Profile

Yandex N.V. (Yandex), incorporated on June 1, 2004, is an Internet and technology company, and operates an Internet search engine. The Company’ s divisions include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach clients seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in approximately 10 cities across Russia and in Minsk, Belarus. The Firm also operates Experimental businesses, which includes media services (including KinoPoisk, Yandex.Music, Yandex.Radio, Yandex.Tickets and Yandex.Afisha), Yandex Data Factory, discovery services (including Yandex Zen and Yandex Launcher), and search and portal in Turkey.

More recent Yandex NV (NASDAQ:YNDX) news were published by: Fool.com which released: “Why Yandex NV Stock Is Up 75% Since January” on July 07, 2016. Also Profitconfidential.com published the news titled: “Yandex NV: Is This Tech Company the Next Google Stock?” on August 21, 2016. Seekingalpha.com‘s news article titled: “Yandex Is Likely To Catch The Wave” with publication date: November 11, 2016 was also an interesting one.

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