Shares of Qiwi PLC (NASDAQ:QIWI) saw unusually-high trading volume on Thursday . Approximately 1,304,021 shares were traded during trading, an increase of 730% from the previous session’s volume of 157,065 shares.The stock last traded at $15.99 and had previously closed at $13.64.
QIWI has been the subject of several recent research reports. Zacks Investment Research raised Qiwi from a “strong sell” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub raised Qiwi from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 2nd. ValuEngine raised Qiwi from a “sell” rating to a “hold” rating in a report on Monday, February 4th. JPMorgan Chase & Co. lowered Qiwi from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $19.00 in a report on Wednesday, February 13th. Finally, TheStreet raised Qiwi from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.00.
The firm has a market capitalization of $840.40 million, a price-to-earnings ratio of 16.66 and a beta of 1.52.
Qiwi (NASDAQ:QIWI) last announced its quarterly earnings data on Thursday, March 28th. The credit services provider reported $16.40 earnings per share for the quarter, topping the 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 analyst estimates of $5.22 billion. During the same quarter last year, the firm posted $10.48 EPS. The firm’s revenue for the quarter was up 41.4% on a year-over-year basis. As a group, equities analysts predict that Qiwi PLC will post 1.31 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Qiwi by 855.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,364,894 shares of the credit services provider’s stock valued at $19,641,000 after buying an additional 1,222,072 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Qiwi by 446.8% during the 4th quarter. Acadian Asset Management LLC now owns 350,234 shares of the credit services provider’s stock valued at $4,951,000 after buying an additional 286,179 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Qiwi by 48.3% during the 1st quarter. Renaissance Technologies LLC now owns 784,380 shares of the credit services provider’s stock valued at $11,287,000 after buying an additional 255,400 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Qiwi by 376.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 249,959 shares of the credit services provider’s stock valued at $3,597,000 after buying an additional 197,510 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Qiwi by 202.9% during the 4th quarter. Millennium Management LLC now owns 273,559 shares of the credit services provider’s stock valued at $3,868,000 after buying an additional 183,251 shares in the last quarter. 26.74% of the stock is owned by institutional investors.
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Qiwi Company Profile (NASDAQ: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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