iQIYI, Inc. (NASDAQ:IQ - Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders purchased 42,174 put options on the stock. This is an increase of approximately 138% compared to the typical daily volume of 17,741 put options.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on IQ shares. Citigroup dropped their price objective on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a report on Thursday, January 16th. OTR Global reaffirmed a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. HSBC raised shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target for the company in a report on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Finally, Hsbc Global Res upgraded iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, iQIYI presently has an average rating of "Hold" and an average price target of $2.91.
View Our Latest Research Report on iQIYI
iQIYI Stock Down 3.9 %
iQIYI stock traded down $0.07 during midday trading on Monday, reaching $1.74. The stock had a trading volume of 55,491,005 shares, compared to its average volume of 18,832,195. The stock 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. The firm's fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. iQIYI has a 1-year low of $1.66 and a 1-year high of $5.80.
iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The business had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. As a group, analysts expect that iQIYI will post 0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On iQIYI
Several institutional investors and hedge funds have recently added to or reduced their stakes in IQ. Robeco Institutional Asset Management B.V. grew its holdings in shares of iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock valued at $48,959,000 after acquiring an additional 1,114,390 shares in the last quarter. Krane Funds Advisors LLC grew its stake 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of iQIYI by 2.8% during the 4th 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 raised its stake in shares of iQIYI by 41.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after purchasing an additional 3,235,223 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of iQIYI by 78.2% in the 4th 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 during the last quarter. 52.69% of the stock is owned by institutional investors.
iQIYI Company Profile
(
Get Free Report)
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.
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