Qiwi Sees Unusually High Options Volume (QIWI)

Qiwi PLC (NASDAQ:QIWI) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 994 call options on the company. This is an increase of approximately 1,158% compared to the typical daily volume of 79 call options.

Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of Qiwi during the 2nd quarter valued at $201,000. Ameriprise Financial Inc. bought a new stake in Qiwi in the 2nd quarter worth $260,000. Dynamic Technology Lab Private Ltd bought a new stake in Qiwi in the 3rd quarter worth $245,000. Wells Fargo & Company MN grew its holdings in Qiwi by 110.5% in the 2nd quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock worth $380,000 after acquiring an additional 8,073 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Qiwi in the 3rd quarter worth $268,000. 17.49% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on QIWI shares. ValuEngine lowered shares of Qiwi from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Qiwi from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 28th. Finally, BidaskClub raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.67.

Qiwi (QIWI) opened at $14.17 on Friday. Qiwi has a twelve month low of $11.60 and a twelve month high of $26.55. The company has a market cap of $691.49, a price-to-earnings ratio of 19.68 and a beta of 3.23.

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About Qiwi

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

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