Qiwi Sees Unusually Large Options Volume (QIWI)

Qiwi PLC (NASDAQ:QIWI) saw some unusual options trading activity on Friday. Stock investors purchased 1,375 put options on the company. This is an increase of 2,083% compared to the average volume of 63 put options.

Institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its holdings in Qiwi by 83.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 70,000 shares of the credit services provider’s stock valued at $1,186,000 after acquiring an additional 31,900 shares during the period. JPMorgan Chase & Co. raised its holdings in Qiwi by 240.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock valued at $6,470,000 after acquiring an additional 276,068 shares during the period. HAP Trading LLC bought a new position in Qiwi in the 3rd quarter valued at about $549,000. Russell Investments Group Ltd. bought a new position in Qiwi in the 2nd quarter valued at about $1,783,000. Finally, Penserra Capital Management LLC raised its holdings in Qiwi by 75.0% in the 3rd quarter. Penserra Capital Management LLC now owns 92,591 shares of the credit services provider’s stock valued at $1,568,000 after acquiring an additional 39,672 shares during the period. 17.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Qiwi (QIWI) opened at $17.20 on Wednesday. The stock has a market cap of $1,040.00, a PE ratio of 23.89 and a beta of 3.23. Qiwi has a fifty-two week low of $11.60 and a fifty-two week high of $26.55.

A number of equities research analysts have recently issued reports on QIWI shares. ValuEngine raised shares of Qiwi from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. BidaskClub raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research raised shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Qiwi presently has a consensus rating of “Hold” and an average target price of $22.67.

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Qiwi Company Profile

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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