Shares of Youku.com (NASDAQ:YOKU) was the target of some unusual options trading on Thursday. Stock investors purchased 21,804 call options on the stock, American Banking and Market News reports. This represents an increase of 462% compared to the typical volume of 3,879 call options.
A number of analysts have recently weighed in on YOKU shares. Analysts at HSBC cut their price target on shares of Youku.com (NASDAQ:YOKU) from $29.00 to $28.00 in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Youku.com (NASDAQ:YOKU) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $23.00 price target on the stock, down previously from $25.00. Finally, analysts at Deutsche Bank downgraded shares of Youku.com (NASDAQ:YOKU) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. They now have a $23.00 price target on the stock, up previously from $22.84.
Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.21.
Shares of Youku.com (NASDAQ:YOKU) traded up 5.12% on Thursday, hitting $24.63. The stock had a trading volume of 6,345,398 shares. Youku.com has a 52 week low of $13.82 and a 52 week high of $26.37. The stock’s 50-day moving average is $23.02 and its 200-day moving average is $19.92. The company’s market cap is $4.085 billion.
Youku.com (NASDAQ:YOKU) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.65. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $122.30 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 101.3% on a year-over-year basis. On average, analysts predict that Youku.com will post $-2.58 earnings per share for the current fiscal year.
Youku.com Inc is an Internet television company in People’s Republic of China. Its Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.
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