iQIYI Sees Unusually Large Options Volume (NASDAQ:IQ)

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) saw some unusual options trading on Wednesday. Investors bought 42,174 put options on the company. This represents an increase of 138% compared to the typical volume of 17,741 put options.

Institutional Investors Weigh In On iQIYI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in iQIYI by 4.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock worth $48,959,000 after buying an additional 1,114,390 shares during the period. Krane Funds Advisors LLC raised its position in iQIYI by 82.1% in the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock valued at $43,745,000 after purchasing an additional 9,809,187 shares during the period. Vanguard Group Inc. lifted its stake in shares of iQIYI by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company's stock worth $36,769,000 after purchasing an additional 502,154 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of iQIYI by 41.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after buying an additional 3,235,223 shares during the period. Finally, Barclays PLC grew its stake in shares of iQIYI by 78.2% in the fourth quarter. Barclays PLC now owns 3,745,666 shares of the company's stock valued at $7,529,000 after buying an additional 1,643,387 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

iQIYI Price Performance

Shares of iQIYI stock traded down $0.07 on Monday, hitting $1.74. The company's stock had a trading volume of 55,491,005 shares, compared to its average volume of 18,832,195. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average price of $2.27 and a 200-day moving average price of $2.28. iQIYI has a 52-week low of $1.66 and a 52-week high of $5.80. The company has a market capitalization of $1.67 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $919.56 million for the quarter, compared to the consensus estimate of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. On average, equities research analysts expect that iQIYI will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IQ. HSBC raised iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target on the stock in a research report on Thursday, January 16th. Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. OTR Global reissued a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Finally, Citigroup reduced their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.91.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.