Phoenix New Media Ltd (NYSE:FENG) was the recipient of some unusual options trading on Thursday. Traders acquired 2,038 call options on the company. This represents an increase of 2,897% compared to the average volume of 68 call options.

Shares of Phoenix New Media (NYSE FENG) opened at $7.04 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $504.82, a price-to-earnings ratio of 54.15 and a beta of 1.20. Phoenix New Media has a 12-month low of $2.43 and a 12-month high of $8.14.

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, topping the Zacks’ consensus estimate of ($0.02) by $0.09. The company had revenue of $64.00 million for the quarter, compared to the consensus estimate of $61.20 million. Phoenix New Media had a return on equity of 2.87% and a net margin of 4.32%. Phoenix New Media’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sylebra HK Co Ltd purchased a new stake in Phoenix New Media during the third quarter worth $5,617,000. Dimensional Fund Advisors LP boosted its position in 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 in the last quarter. JPMorgan Chase & Co. boosted its position in 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 in the last quarter. Russell Investments Group Ltd. boosted its position in 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 in the last quarter. Finally, State Street Corp boosted its position in 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 in the last quarter. Institutional investors own 14.41% of the company’s stock.

A number of analysts recently weighed in on FENG shares. BidaskClub upgraded Phoenix New Media from a “hold” rating to a “buy” rating in a research note on Tuesday, September 19th. Macquarie upgraded Phoenix New Media from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 14th.

TRADEMARK VIOLATION WARNING: “Investors Purchase High Volume of Phoenix New Media Call Options (FENG)” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://theolympiareport.com/2018/01/14/investors-purchase-high-volume-of-phoenix-new-media-call-options-feng.html.

Phoenix New Media Company Profile

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.

Receive News & Ratings for Phoenix New Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media and related companies with MarketBeat.com's FREE daily email newsletter.