Ozon (NASDAQ:OZON) Trading Down 6.2%

Ozon Holdings PLC (NASDAQ:OZON)’s stock price traded down 6.2% during mid-day trading on Tuesday . The company traded as low as $58.50 and last traded at $62.30. 1,528,477 shares were traded during trading, an increase of 13% from the average session volume of 1,352,679 shares. The stock had previously closed at $66.39.

A number of research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Ozon in a report on Monday, December 21st. They set a “buy” rating and a $53.00 price objective for the company. Renaissance Capital assumed coverage on Ozon in a report on Monday, December 21st. They set a “hold” rating for the company. JPMorgan Chase & Co. assumed coverage on Ozon in a report on Friday, February 12th. They set a “neutral” rating for the company. Smith Barney Citigroup assumed coverage on Ozon in a report on Monday, December 21st. They set a “neutral” rating and a $48.00 price objective for the company. Finally, HSBC assumed coverage on Ozon in a research note on Tuesday, January 5th. They issued a “buy” rating and a $55.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.00.

The stock’s 50 day moving average is $54.71.

A number of hedge funds have recently bought and sold shares of OZON. Cetera Advisor Networks LLC bought a new position in Ozon in the fourth quarter valued at approximately $207,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Ozon in the fourth quarter valued at approximately $218,000. Squarepoint Ops LLC acquired a new stake in shares of Ozon in the fourth quarter valued at approximately $225,000. Paloma Partners Management Co acquired a new stake in shares of Ozon in the fourth quarter valued at approximately $320,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Ozon in the fourth quarter valued at approximately $414,000.

About Ozon (NASDAQ:OZON)

Ozon Holdings PLC, together with its subsidiaries, operates as an internet retailer of multi-category consumer products to the general public primarily in the Russian Federation. The company offers products in various categories that include electronics, home and décor products, children's goods, fast moving consumer goods, fresh food, and car parts.

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