Qiwi Target of Unusually Large Options Trading (QIWI)

Qiwi PLC (NASDAQ:QIWI) was the target of some unusual options trading on Thursday. Investors purchased 766 put options on the stock. This is an increase of approximately 1,116% compared to the typical volume of 63 put options.

Shares of QIWI traded down $0.14 during midday trading on Friday, reaching $14.13. 94,093 shares of the stock were exchanged, compared to its average volume of 123,728. Qiwi has a twelve month low of $11.61 and a twelve month high of $19.29. The company has a market capitalization of $860.96 million, a P/E ratio of 14.72 and a beta of 1.56.

Qiwi (NASDAQ:QIWI) last posted its earnings results on Thursday, March 28th. The credit services provider reported $16.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $16.29. Qiwi had a return on equity of 15.29% and a net margin of 12.02%. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm earned $10.48 earnings per share. The company’s revenue was up 41.4% on a year-over-year basis. As a group, sell-side analysts expect that Qiwi will post 1.31 EPS for the current year.

Several brokerages have issued reports on QIWI. Zacks Investment Research raised Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Qiwi from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 26th. TheStreet raised Qiwi from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. BidaskClub downgraded Qiwi from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. Finally, JPMorgan Chase & Co. downgraded Qiwi from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $19.00 in a report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.75.

Several institutional investors and hedge funds have recently bought and sold shares of QIWI. Russell Investments Group Ltd. bought a new position in shares of Qiwi in the third quarter worth $116,000. Trexquant Investment LP bought a new position in shares of Qiwi in the third quarter worth $432,000. Stevens Capital Management LP bought a new position in shares of Qiwi in the third quarter worth $168,000. Renaissance Technologies LLC increased its position in shares of Qiwi by 114.8% in the third quarter. Renaissance Technologies LLC now owns 322,780 shares of the credit services provider’s stock worth $4,251,000 after purchasing an additional 172,480 shares during the period. Finally, Capital Fund Management S.A. increased its position in shares of Qiwi by 28.1% in the third quarter. Capital Fund Management S.A. now owns 29,200 shares of the credit services provider’s stock worth $385,000 after purchasing an additional 6,400 shares during the period. 24.00% of the stock is owned by institutional investors.

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About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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