iQIYI Sees Unusually Large Options Volume (NASDAQ:IQ)

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 30,919 call options on the company. This is an increase of approximately 97% compared to the average volume of 15,711 call options.

iQIYI Trading Up 0.8 %

iQIYI stock traded up $0.02 during midday trading on Friday, reaching $2.54. The stock had a trading volume of 37,883,172 shares, compared to its average volume of 24,730,406. iQIYI has a twelve month low of $1.82 and a twelve month high of $5.80. The stock has a market capitalization of $2.44 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 3.76 and a beta of 0.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The stock's 50-day simple moving average is $2.13 and its 200 day simple moving average is $2.37.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same period last year, the firm earned $0.07 EPS. Analysts expect that iQIYI will post 0.14 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Benchmark restated a "hold" rating on shares of iQIYI in a research report on Friday, January 24th. OTR Global restated a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. Hsbc Global Res upgraded iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a research report on Friday, November 22nd. Finally, HSBC upgraded iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 target price on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2.91.

Institutional Trading of iQIYI

Several hedge funds and other institutional investors have recently bought and sold shares of IQ. Flow Traders U.S. LLC bought a new stake in iQIYI in the third quarter valued at about $32,000. Ground Swell Capital LLC acquired a new position in iQIYI in the third quarter valued at approximately $32,000. SBI Securities Co. Ltd. acquired a new position in iQIYI in the fourth quarter valued at approximately $32,000. PDS Planning Inc acquired a new position in iQIYI in the fourth quarter valued at approximately $35,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in iQIYI in the fourth quarter valued at approximately $37,000. 52.69% of the stock is owned by institutional investors.

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.