Phoenix New Media Target of Unusually Large Options Trading (NYSE:FENG)

Phoenix New Media Ltd (NYSE:FENG) was the target of unusually large options trading activity on Thursday. Stock investors bought 2,038 call options on the company. This represents an increase of 2,897% compared to the typical daily volume of 68 call options.

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Phoenix New Media by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 195,901 shares of the information services provider’s stock worth $1,153,000 after purchasing an additional 11,206 shares during the last quarter. State Street Corp raised its holdings in shares of Phoenix New Media by 18.7% during the second quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock worth $274,000 after purchasing an additional 16,457 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Phoenix New Media by 918.2% during the third quarter. JPMorgan Chase & Co. now owns 24,702 shares of the information services provider’s stock worth $143,000 after purchasing an additional 22,276 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Phoenix New Media by 106.9% during the third quarter. Russell Investments Group Ltd. now owns 69,544 shares of the information services provider’s stock worth $409,000 after purchasing an additional 35,924 shares during the last quarter. Finally, Sylebra HK Co Ltd purchased a new position in shares of Phoenix New Media during the third quarter worth $5,617,000. 13.95% of the stock is owned by hedge funds and other institutional investors.

Phoenix New Media (FENG) traded down $0.31 during trading hours on Monday, reaching $5.87. 252,788 shares of the company were exchanged, compared to its average volume of 392,554. Phoenix New Media has a 12 month low of $2.43 and a 12 month high of $8.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a market capitalization of $443.15, a PE ratio of 47.54 and a beta of 1.22.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Monday, November 13th. The information services provider reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.09. The company had revenue of $64.00 million during the quarter, compared to analysts’ expectations of $61.20 million. Phoenix New Media had a net margin of 4.32% and a return on equity of 2.87%. Phoenix New Media’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share.

FENG has been the subject of a number of analyst reports. Macquarie raised shares of Phoenix New Media from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 14th. BidaskClub cut shares of Phoenix New Media from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th.

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About Phoenix New Media

Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.

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